Is Passive Perfect? High Active Share Long-Term Investing Works Better
Patient Capital Outperformance Cremers and Pareek A version of the paper can be found here. Want a summary of academic papers with alpha? Check out our Academic [...]
Bernie Madoff’s Contribution to “The Cost of Investing”
Ken French has a wonderful paper called the Cost of Active Investing. He presented the paper at the 2008 AFA Presidential Address. I compare the fees, [...]
Fight the Good Fight Against Fees, Tax Inefficiency
Everyone knows there is no such thing as a free lunch, but in investing you often have to pay for a lot more than just [...]
The Costs of Active Management
The Turnkey PhD and I were talking this afternoon about how egregious fees can get in the active money management business, with managers routinely charging [...]