From Active to Passive or From Passive to Cheaper Passive?

It’s been awhile since we’ve weighed in on the active/passive debate so we thought we’d toss our hat in the ring yet again and try to explain the asset migration that is taking the fund management industry by storm.

Michael Mauboussin: The Incredible Shrinking Universe of Stocks Life After Modern Portfolio Theory  Banks Set To Profit As Asset Managers Struggle Get The Timeless Reading eBook in PDF

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