Wall Street Secret #714: Why Active Investing Underperforms
Money Tree Investing
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Why Active Managers Underperform Passive Managers
The idea behind the ETFs that we use tracking these factor indexes is there's no emotion. With an active manager, you're making forecasts, which it's another thing I'm not a big fan of. If you look at economists and analysts' predictions over time, they tend to be right around 50% of the time.
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