3min chapter

Value Investing with Legends cover image

Charley Ellis - The Evolution of the Asset Management Industry

Value Investing with Legends

CHAPTER

The in-Defense of Active Investing

We're now in the era of tank-to-tank competition. It's mostly a matter of figuring out the strategy of navigating where you want your tank to be. If we switch to pistols, what's really important is that we both have pistols. And if we switch to tanks, it doesn't make any difference how good or strong I am,.How good or strong you are. It's my tank versus your tank. That's the magnitude of change that's taking place.

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