The New, Patient, Focused Intelligent Investor

The active vs passive debate continues with a new study on the topic.

There’s plenty of evidence which shows that over the long term active fund managers tend to underperform their benchmarks and investors would do a lot better investing passively. This research has been the key catalyst for hundreds of billions of dollars of flows into passive, low-cost funds over their relatively expensive active peers. But is this the right strategy for every investor?

A new research paper published by Pierre-Axel Gide of the Ivey Business School last month seeks to answer this question. The paper, titled “The new, patient, focused intelligent investor  considers the role of dividends and hedge funds in the investment world before moving...