Tag Archives: Index fund

Chimp or chump? Fund Managers: Really, Really Bad at What They Do

Posted on April 1, 2013 by henry tapper

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 , , , , , , , , , | 2 Comments

“Purity” in passive investment management

Posted on December 11, 2012 by henry tapper

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 →

Posted in actuaries, auto-enrolment, dc pensions, Management, pensions | Tagged , , , , , , , , | 4 Comments