Part of the “Great Debate” series.
- Jim Grant Vs John Bogle: The Great Indexing Debate
- John Bogle Vs Jim Grant: The Great Indexing Debate
- The Sequoia Fund On The “Great Debate.”
The Economist has waded into the “Great Debate” recently, taking the view that, on the whole, active investing is for chumps.
Active Fund Manager - Poor performance
Figures from Morningstar show that the majority of fund managers in the American market only managed to beat the index in just five of the past 20 years. And, despite the illusion that it’s worth paying a bit more for a top-class active fund manager, there’s no evidence to support this conclusion.
The Economist presents a set of data showing that in only one sector,...
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