Ghost of Igloi wrote:
Here is a somewhat different conclusion on the charts. Intuitively it would make more sense to be with manager that can go to cash. One of the issues with this comparison becomes active managers with x years of performance so you have a tracking record. If for example you used proprietary index funds rather than a tracking index you would bump into the same limitations. Anyway here is that article, I will post others should I find them.
well really -
a) I'm not going to read that full article
b) you didn't pull out anything that proves your case
c) the publisher of that is in the freaking business of selling its advice.
if you want to dig something out of that report that is meaningful and relevant, that would be great. Otherwise I will ignore it in favor of the S&P study which shows active did not work in 2008 or 2002. On average.