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Pastimes : All Clowns Must Be Destroyed
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To: Ilaine who wrote (38950)6/10/2000 6:40:00 PM
From: BGR  Read Replies (2) of 42523
 
The article gives us no reason, though, as to why on average the active fund manager trails the market. It only mourns the fact that the right of an active fund manager to sell shares as (s)he sees fit - if only at the cost of a lower return for the investor - is being taken away. What has the world come to, I wonder! <VBG>

Though, I must admit, the capitalization rules are not fair. Well, those rules should change, but in the mean time, it makes even more sense to invest in index funds, which are not subject to such rules.
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