The potential payoff from active management has waned over the past 60 years, but the price of active management is at or near its all-time high. What does this seeming paradox imply for the future of investment management?
The potential payoff from active management has waned over the past 60 years, but the price of active management is at or near its all-time high. What does this seeming paradox imply for the future of investment management?