The growth of passive investing is disrupting Keynes’s beauty contest and warping market structure in unnerving new directions.
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4 Sources of Edge for Active Managers
Having a structured process is still the key to enabling better investment decision-making.
Too Much Information
For investors today, one of the hardest jobs has become knowing what to ignore.
Out of Our Minds—From the Beginning
Before everyone knew them as “factors,” quality, growth, and value indications were the way we identified good companies, in a way that fit our personalities.