Conviction of a criminal offense requires proof beyond a reasonable doubt. That?s a very high standard indeed. But, the case against active management meets that burden of proof. Plainly put, if you want an investment strategy to reduce returns, increase risk, cost and taxes, hire a manager to try to beat the market. Ladies and gentlemen of the jury, the evidence is overwhelming.
Conviction of a criminal offense requires proof beyond a reasonable doubt. That?s a very high standard indeed. But, the case against active management meets that burden of proof. Plainly put, if you want an investment strategy to reduce returns, increase risk, cost and taxes, hire a manager to try to beat the market. Ladies and gentlemen of the jury, the evidence is overwhelming.
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