Masters in Business cover image

Joel Tillinghast on Fidelity Investments

Masters in Business

NOTE

Value in Active Bond Management

Active equity management tends to underperform the index, while active bond managers tend to outperform the index by eliminating poor holdings, bad risk-reward relationships, and adding value through subtraction. This approach raises the question of whether the speaker's alpha primarily comes from identifying winners or from eliminating the worst potential members of the bank.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner