The travails of active managers in recent years have been well-chronicled. Their poor collective performance has led investors to flee actively managed funds for passive products and others to question their relevance. To better understand the challenges facing active managers today, the industry’s response to those challenges, and the likely future state of the industry, CFA Institute is hosting an online forum as part of its Future of Finance initiative.
This book, which introduces novice investors to Vanguard Group founder John Bogle’s approach to passive investing, is one investment guide that does not intimidate readers into thinking that investing is so complicated they need professional help. On the contrary, it encourages laypeople to oversee their own investments.
US stocks reached a notable milestone earlier this week when the bull market turned six years old. As Charlie Bilello of Pension Partners notes, only twice in its history has the S&P 500 Index recorded a better six-year stretch.
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