It used to be I was surrounded by proponents of both passive and active management and the discussions in the office and at bars and coffee shops would rage on forever. These debates were evanescent with fresh facts, every twist and turn in the markets brought a renewed vigor to the back-and-forth. But this conversation - as lively as it once was - has all but died in the last five years. Passive investors have emerged so triumphant at this juncture that they barely even bother hurling their statistics at the crumbled walls of Alphaville anymore. At this point, the passivistas are now arguing amongst ... (Read the full story)
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