FYI: In a previous job, I worked for an investment consultant who employed a psychologist to assist in their fund manager research process. I vividly recall her making a particularly astute point about how we constantly hear about the failings of active fund managers, but rarely anything about how they can improve. Whilst inevitably there are exceptions to this view, it is certainly reasonable to suggest that evidence of fund manager learning and development is scant. I do not mean that there is a lack of generic, box ticking courses with no specific purpose, rather an apparent absence of weaknesses being openly identified and addressed.
Regards,
Ted
https://behaviouralinvestment.com/2018/05/15/why-cant-fund-managers-admit-mistakes/
