Portfolio Manager and Chief Strategist at Simplify Asset Management Michael Green started his presentation at The Grant's Annual Fall Conference in New York, by pointing out the misnomer in the passive investing phrase: Despite the naming, it is still an active investment strategy characterized by value-conscious, loss-averse, and close examination of securities.
“If you give me cash, then buy. If you ask for cash, then sell." This is the best way according to Jim Grant to explain so-called passive investing. An excellent example is Benjamin Graham, who didn’t think to give this concept a special mention in Security Analysis, but he did nonetheless. And whether you like the concept it did raise up the industry as a whole.
“What...
