How is active management like an episode of Battlebots? Facing highly skilled competitors, outperformance may only be a dream.
Chris Philips explains how chasing investment returns has a lot in common with riding a roller coaster.
The SPIVA report from S&P Dow Jones sets off a mad scramble by investment writers to interpret the semiannual summary of the performance of actively managed funds versus various S&P benchmarks.
While indexing is beautifully simple to understand, the same can’t be said about managing all the moving parts and attention to detail to closely track an index fund’s benchmark. Vanguard’s Chris Philips explains the sophistication this takes.