Strategist Richard Bernstein on Successful Investment Themes of The Past and His Favorite One Now
WEALTHTRACK
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Exploring the Dynamics of Active and Passive Investing
The chapter delves into the challenges faced by active fund managers in outperforming the market due to risk avoidance incentives. It also emphasizes the active decision-making involved in passive investing and introduces the concept of 'PACTIV' for actively managing passive investments.
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