Sentences with phrase «of active stock pickers»

Any winner must be matched by a loser, and so the overall expectation of active stock pickers must be zero.

Not exact matches

Screens have the advantage of avoiding the biases held by human stock pickers, but sometimes an active manager, like a conscientious driver, can do a better job of spotting the hazards dead ahead.

Here is Michael Mauboussin's take on whether the exodus out of active and into indexes will leave more opportunities for stock pickers:

For active stock pickers, the math is cruel: All else equal, if stocks rise 20 %, then a fund with a tenth of its assets in cash will generate only an 18 % gain before expenses.

For answers, we asked Portfolio Managers Lucy Macdonald and Karen Hiatt — two of our most experienced stock - pickers — to share their thoughts on active investing in turbulent times.

The problem with this book is that the author falls into the index - zealot's trap of assuming that all «active investing» retail investors are stock pickers who arre overmatched by their professional counterparts, and their access to more and better information.

When considering whether we're in an attractive environment for active management — the long - sought «stock picker's market» — it's important to bear in mind the difference between the existence of skill and the value of skill.

This is Step 3: Stock Pickers of the full length documentary film Index Funds: The 12 - Step Recovery Program for Active Investors.

The Simple Math Favoring Index Funds At the beginning of every year, active managers, fresh off the wounds of the prior year, declare that this year will be a stock picker's year.

Pretty impressive numbers, and enough to make indexers out of many former stock pickers and other active investors.

The first thing that you need to understand is that capital markets are made up of two primary groups — indexers (market replicators) and active managers (stock pickers).

Today's Wall Street Journal brought the latest in a string of articles suggesting that we have entered a period of particular opportunity for active investment management — a so - called «stock - picker's market.»

Many point to underperformance by active managers in the past few years as proof that the days of the stock picker are numbered.

Regardless of how correlations change, the opportunities for active stock pickers will languish until dispersion rises.