Tips by Tim Bock

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Suppose that a mutual fund or money manager satisfied rigorous analysis and demonstrated added value. Great, but additional challenges persist to...
Since so few active managers or funds have added value in a statistically meaningful way, a casual observer may conclude that active managers are...
Active investors, as a group, must by definition underperform a strategy that passively holds a market portfolio of stocks, since active investors...
Since there is such an enormous risk to investors of underperforming a passive approach, active money managers should prove how they have added value...
The best that can be said for the active management approach is that the dispersion of results between the best performing and worst performing active...
It's never obvious when the markets are going to go up or down - in advance. Mutual fund data clearly shows that, on average, actively managed funds...
In such a world, gaining a sustainable advantage over other skilled participants in a hotly competitive marketplace is extremely difficult. The fact...
If 1% of the mutual fund managers were able to beat the market (before taxes), isn't that evidence that a small minority of active managers are...
An effective asset allocation among dissimilar asset classes and periodic portfolio rebalancing, not market timing, is a better solution to investor...
Before (and after) hiring an investment manager whose approach is to actively manage a stock (or bond) portfolio, a thorough examination should be...
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