Finance

Dec 07, 2023
Professor Simon Gervais says that active money managers create value by identifying the most productive firms
In 2008, Warren Buffet famously challenged money managers at a hedge fund to prove that over a long period of time they would be able to beat the returns, after fees, of a passive fund that just mirrors the overall market. Buffet won the bet.
But Professor Simon Gervais of Duke University’s Fuqua School of Business, says there may... read more
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