The Stock Picker’s Quest for Alpha
Among academics, the active-versus-passive debate often centres on mutual funds. But among DIY investors—who readily concede that mutual funds...
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Among academics, the active-versus-passive debate often centres on mutual funds. But among DIY investors—who readily concede that mutual funds...
I’ve never been shy about criticizing actively managed mutual funds, but I’m starting to think this debate is getting...
In 1951, a Princeton University student wrote a thesis about the mutual fund industry. “Funds can make no claim...
Joel Greenblatt has a sense of humour—I’ll grant him that. In The Big Secret for the Small Investor (Wiley,...
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You don’t need a lot of mathematical horsepower to be a Couch Potato investor. Indeed, simplicity is one of...
I know very few people who began their investing lives as Couch Potatoes. Most started out in mutual funds...
Advocates of active management admit that only a minority of mutual funds will outperform their benchmarks, but they argue...
Today we take it for granted that virtually all mutual funds and stock pickers are trying to earn higher...
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Most investors understand that you should have more exposure to stocks when you’re young and gradually allocate more to...