Fund Managers are Good Buyers But Terrible Sellers
Stock-Pickers Don’t Know How to Sell They actually do OK figuring out what to buy. But they need to do a better job unloading stuff....
BBRG: Data Picks Investments, Stories Sell Them
Data Picks Investments, Stories Sell Them How investment products are created and sold now is the reverse of two decades ago. Bloomberg,...
Blackrock & Vanguard Win 2018 Asset Capture
Via our man Brian in Chicago comes this fascinating pair of charts. As much as the active crowd slag on indexing — recall its...
BBRG: Small Is Better and So Is Passive in Money Management
Small Is Better and So Is Passive in Money Management S&P’s latest report on fund managers portrays persistent contrasts in...
Vanguard Group: “Do You Need Financial Advice?”
Last month, I recorded an interview at Vanguard Group where in a bit of role reversal, I was the interviewee (as opposed to the...
Hiring and Firing Asset Managers
Source: GMO via Idea Farm Of all the things that investors do, the selection, hiring and firing of managers is...
Mutual Fund Management is a Boy’s Club . . .
Good piece by Tara Lachapelle, noting “Only 2 percent of those assets are managed exclusively by women.” Here she is on...
Don’t Blame Morningstar for Our Own Shortcomings
Morningstar’s Star System Was Always a Bright Shiny Object The ratings look backward and give a false sense of comfort. Bloomberg,...
Some Advice for Active Equity Managers
This week marks the 42nd anniversary of the founding of Vanguard Group Inc. by Jack Bogle in 1975. That date made me think about...
2017 Active Management is Back! (or not)
This is the year that active-investment management makes its return to form. It is the year, or so we are told, when active fights back,...