Member Question

Why do you think active investing has been unable to outperform passive investing in recent years?
A) Higher expenses of active management
B) Individual active managers cannot compete with the intelligence of the entire market
C) Short-termism on the part of active managers
D) Concentration of top-performing stocks
E) A lack of opinion diversity at active managers
F) A lack of thorough analytical diligence on the part of active managers
G) Other