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Oct 5, 20141 min read

Why true active management is good and trading is bad for your portfolio

The financial media and many academics like to bash "active" money management. We often read about how most fund managers do not beat...

"Best ideas", R. Cohen, C. Polk, B. Silli, 2010
"How active is your fund manager? A new measure that predicts performance", M. Cremers, A. Petajisto, 2009
"The inefficient stock market", R. Haugen, 2002
"The triumph of the optimists", E. Dimson, P. Marsh, M. Staunton, 2002
"From efficient market theory to behavioral finance", R. Shiller, 2003