Daily Archives: August 5, 2013

Gaps in the argument for actively managed funds

A piece appeared in the Financial Times this weekend titled “Passive parasites do not cure all financial ills.”  Written by David Smith, a mutual fund manager in the UK, the piece make two common attacks on passive investment philosophies. 1) The “Logical Extension” argument.  This typically centers around a statement that the markets don’t work if everyone […]

Posted in investing, markets | Comments closed