The New, Patient, Focused Intelligent Investor

The active vs passive debate continues with a new study on the topic. There’s plenty of evidence which shows that over the long term active fund managers tend to underperform their benchmarks and investors would do a lot better investing passively. This research has been the key catalyst for hundreds of billions of dollars of flows into passive, low-cost funds over their relatively expensive active peers. But is this the right strategy for every investor? A new research paper published by Pierre-Axel Gide of the Ivey Business School last month seeks to answer this question. The paper, titled “The new,…