Exceptional Active Managers cannot be indentified in advance
Monday, 14 May 2007
A tiny handful of superstar money managers with outstanding past performance are constantly promoted by the media as evidence for the benefits of active management. Yet, no one knew in advance who would outperform, the odds of selecting one are low, and the results they achieved may be due to luck. Hundreds of carefully done studies have found that past performance of money managers, mutual fund managers, investment analysts, and others is unrelated to their future performance. Track records mean nothing. The two greatest superstar active managers of our time, Warren Buffet and Peter Lynch, both recommend index funds… which form part of an Asset Class portfolio.
Categories: Active Funds, Research, Risk
posted by Murray Round Wealth Management @ 11:26,
The Authors
Nicholas Round
Nic is the Managing Director of Murray Round Wealth Management Limited, who seeks to ensure the advice provided is truly independent. Based in Shropshire with clients local, national and worldwide, Nic has strived to find the best possible service for his clients needs, by researching and studying the market, trends and philosophies. Nic strongly believes Asset Class Management will bring his clients Financial Freedom, Independence and Happiness.
Kirsty
Kirsty is our communication guru. Managing information requires considerable due diligence and her passion for organisation gives the clarity we all seek. From Shropshire, with a Psychology Degree and much travelling, she is now back in Shrewsbury...and London often, keeping us all at Murray Round focused.
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