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?
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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?