Tag Archives: Index fund
Chimp or chump? Fund Managers: Really, Really Bad at What They Do
For some years, First Actuarial have been running a “Monkey League” which pits the wits of 150 top brains against 1000 monkeys; the task, to pick two teams to do well and two to do badly in each of the four football … Continue reading
Posted in dc pensions, First Actuarial, monkey league, pensions
Tagged Active management, Asset management, IBM, Index fund, Motley Fool, Mutual fund, S&P 500, Standard & Poor, Vanguard Group, Wall Street
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“Purity” in passive investment management
Investing is hard. There are no shortcuts. Markets are generally efficient and when they aren’t there are plenty of people digging up the value ahead of you. My anti – view is that “winning” investment strategies have negative capability. Negative capability is … Continue reading