Active vs Passive
An Embirical Review for the Taxable Investor
From: Investment Management Consultants Association
The active versus passive debate goes back more than 40 years, to when Jack Bogle, founder of the Vanguard Group Inc., launched the Vanguard 500, the first index mutual fund. Ever since, ever-changing market dynamics have squashed and subsequently rekindled the debate in sequential cycles of boom and busts.
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