«The L&T cohort has been enriched and inspired by the life and career
choices Sedia has made, and they have been inspired further by her enthusiasm and
positive «can - do» activist attitude that celebrates education as a
vehicle for the improvement of the lives those who are most in need.»
Some active strategies that appear significantly better than passive investing have
positive relative return not through distinctive stock (or other investment
vehicle) picking or timing, but since their active investment strategy effectively increases their market risk exposure (higher average beta of their holdings, perhaps via a not even deliberate
choice of which market segments they overweight).