Bill Miller on the Classical Value Portfolio (Podcast)
Masters in Business
00:00
Is Active Management Going to Continue?
In 2016, you said we are only halfway through the shift from active to passive. Where are we in that process? Do you still think lots of fund managers or closet indexers and that this transition is going to continueor how is your thinking on this changed? I think that active management is a secular decline; most active managers don't add value.
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