I have six observations detailed below that help guide my approach to the active vs. passive question. Active analysis hinges on reasonable forecasts of ex-ante alpha and active risk both in terms of ...

Whether we’re talking about sports or investing, people have an urge to win. In investing, investors seek outperformance. Thus, most mutual fund shareholders aren’t satisfied with the performance of a ...

What Is Passive-Aggressive Behavior? Passive-aggressive behavior is when you express negative feelings indirectly instead of openly talking about them. During World War II, when soldiers wouldn't ...

In a prospecting article from May, we looked at the relative performance of active and passively-managed funds during the volatile months of March and April, a period that theoretically should have ...