There, he was responsible for all facets of
passive equity portfolio management and trading, overseeing a $ 185 billion passive investment business for the world's third - largest quantitative manager.
As the vast majority of investors choose the conventional route of active
management through mutual funds (the second half of the book is a stinging critique of the shortcomings of active
management), the author says that constructing a well - diversified,
equity - oriented,
passive portfolio is an unconventional investment strategy but provides the best chance of success.