Guest Opinion: The Coming Resurgence of Active Management

Guest Opinion: The Coming Resurgence of Active Management

Active management has long been the foundation of a well-functioning stock market.  Many of the brightest minds on Wall Street have dedicated their careers to separating the good ideas from the bad, doing deep research to allocate capital to the right themes, sectors and companies.  The by-product for the rest of us has generally been an exceptionally healthy stock market with relatively efficient asset prices.

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Guest Opinion: Burning Down Markowitz’s House

Guest Opinion: Burning Down Markowitz’s House

“Watch out, you might get what you’re after” was an anthem sung by a frantic David Byrne in the Talking Heads classic, Burning Down the House.  When the song was released in the mid-1980s, Wall Street was also in a frantic mode of its own. In the ensuing decade, it began providing its clients with more technology to better access markets and more products to replicate the strategies being employed by institutional investors.

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Guest Opinion: A Sharper Focus on Wealth Management’s Future

Guest Opinion: A Sharper Focus on Wealth Management’s Future

Since Steve Jobs’ death in 2011, four biographies, three documentaries and three feature films have been released about him. His legend grows and he continues to inspire. Yet, those in the wealth management industry should never read another word about Jobs. Instead, if advisors really want to prepare for the future and confront the changes they will encounter, it would be prudent to review the career of George M. C. Fisher.

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