Active Management Is Going to Have a Good Decade

Over the next 10 years, we're going to see zero to 4% real returns per year in the S&P 500. That's obviously not going to look quite as good for people that are just owning S&P500. And there's going to be a lot more opportunity for active managers to outperform. Mike Singleton: My base case is probably that active management is going to have a good decade.

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