That means professional money managers shouldn't be able to add value — certainly not enough to overcome the mountain of fees they charge.
Not exact matches
He's what broadcasters,
managers, and old - timey baseball people might call a «
professional hitter,» which
means that he gets paid
money to play baseball.
This
means competition is stiff and trying to outguess market prices is difficult for anyone, even
professional money managers (see question 2 for more on this).
Just because scientific finance studies do not support buying actively managed stock and bond funds on a net returns basis, this does not
mean that
professional money managers are not skillful.