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Eugene Fama – A Life in Finance | #455

The Meb Faber Show - Better Investing

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The Challenge of Not Mucking Things Up

If we aggregate all the active managers, do you see that as a positive thing? Is that a slight failure? I wish Cliff was doing something more useful for the world than active management. It's pretty passive actually. They have different starts. But if I just consider the people who were a direct student of mine, it's probably an insurance company. That's a lot. To me, this isn't just retail. This is institutions to whether it's chasing performance or following whatever the hot theme of the day is. What do you think is any just best practices or good advice?

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