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Josh Brown: Why Active Management Fell Off A Cliff – Perhaps Permanently
FYI: As you are likely well aware by now, 2014 was the worst year for actively managed mutual fund performance in three decades. Less than 20% of stock-picking managers were able to exceed the returns of their benchmarks last year and, in some categories, the number was closer to 10%. How on earth could things have gotten so bad? Regards, Ted http://thereformedbroker.com/2015/02/17/why-active-management-fell-off-a-cliff-perhaps-permanently/
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