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The Capital Markets Will Build Money, Right?
Tan: It's just very difficult to sort of gamble your way into having more money than everybody else. Growth was one of those areas where the record of active managers had been going pretty strong. That record has strongly reverted to the mean with the downtown in growth a. Does you mention cathy wood's arc fund, which came in for a lot of, perhaps unfair criticism? And i think many men in managers have done that. They are either going to win big, or they're gong to loe big. I think there is evidence in our day to suggest that you can get quite strong results from some categories like growth.