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Michael Mauboussin – Active Asset Management - [Invest Like the Best, EP.02]
Invest Like the Best with Patrick O'Shaughnessy
Is Vanguard a Better Asset Class for Allicators?
The fuel businessis if you had, let's say, 50 managers that you could choose. You don't know ahead of time which ones your on to like best,. But at the end, you have to invest in one or more of them. If i'm own an essip 500 vanguard index fund, and i want someone to try to beat that, i want their active share.
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