Active vs. Passive: Game Over
I just finished a white paper for a large financial institution on the well worn topic about which is better: active or passive investment strategies.
Sometimes, it’s productive revisit old topics because they bring a fresh perspective that either reinforces ones’ conviction or makes a slight chink in the wall that slowly exerts its influence until the next time the subject is revisited.
No such change of conviction occurred about the superiority of passive investment strategies after a deep dive on behalf of my client. While I managed to write about 2,000 words on the topic, to me, it boils down to this: