Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Active versus passive: The fund industry has been astir for quite some time over which is the better strategy for long-term investors. The debate has spawned side arguments, such as whether some passive funds are really active management in disguise, or whether the debate should be reframed along the lines of high-cost versus low-cost funds.
Here’s the good news: We aren’t going to rehash any of that here. The active/passive debate has misdirected the attention of many investors, and has led even financial advisors to...
