An overwhelming amount of evidence exists to clearly demonstrate that, in aggregate, active management is a loser’s game. And this is true regardless of whether markets are efficient or inefficient, or whether they are in a bull or bear phase.
But if the evidence doesn’t convince you, perhaps some of the market’s smartest and most-well-respected investors will. What’s more, you just may be surprised about who thinks what when it comes to indexing and passive management. Take the following quiz, and see if you can match the quote below to the person who said it. The answers appear at the end. Good luck!
Read the rest of the article on ETF.com.