/biz/ - Business & Finance

Why /biz/ investors underperform the market. Anonymous Sat Aug 27 15:30:39 2016 No.1467952 [View]
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https://web.stanford.edu/~wfsharpe/art/active/active.htm

"Properly measured, the average actively managed dollar must underperform the average passively managed dollar, net of costs. Empirical analyses that appear to refute this principle are guilty of improper measurement."

-William Sharpe, Nobel Laureate in Economics, 1990

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