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Don't be fooled by 'Dreamwashing'
Many Happy Returns
Active Management Secretly Implementing a Passive Strategy
Active managers will publish, say, the top ten holdings. But then you have to rely on fairly funky measures - which a lot of people don't understand. If you know what the benchmark is, they won't go completely crazy and suddenly start buying some kind of crazy meme stocks. I was just saying they've got so far ahead in the race that now they can just coast to the finish line. Either that, or it can be a bad reason, okay? So, they could have underperformed.
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