Bill Bernstein on Financial History, Star Managers & The 4 Pillars of Investing | #490
The Meb Faber Show - Better Investing
The Joys of Passive Management
We think a lot about, you know, are there any behavioral sort of gates and hoops? Obviously having a financial advisor is one, but even talking to financial advisors and watching them make some of the same mistakes or challenges. And that's one of the joys of passive management is with active management. When you see something doing poorly, you really don't know whether you've got a lemon of a manager or a lemon of or it's just the asset class.
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