Active investment managers with a game plan, courage, emotional stability and "the guts to do things when others are petrified and frozen," will always be able to outperform passive mandates over the long-term, according to the Oracle of Omaha, Warren Buffett.
Q1 hedge fund letters, conference, scoops etc
Buffett made these comments in 2014 when speaking to a group of Ivey MBA students and Dr. George Athanassakos, a Professor of Finance and the Ben Graham Chair in Value Investing at Ivey Business...

