Warren Buffett has one of the greatest long-term investing track records of all time. The chart below shows the excess return (y-axis) over the market of some of history’s best…
Tag: Alpha
Here’s How Active Managers Squander Alpha
New research shows that active managers do in fact generate alpha, but have a hard time keeping it because they hold positions too long. This according to an article in…
Commentary: Smart Beta vs. Alpha-Beta Combination
A recent article in CFA Institute suggests ways to combine alpha and beta factor strategies to create a “simple and clean equity portfolio” that offsets some of the “innate human…
Bill Gross Says Odds of Outperformance Have Plunged
Bill Gross, who defined his career by beating benchmarks in the bond market, says the days of outperformance are largely over. This according to an article in Bloomberg. “There are…
Which Generates More Alpha, Mutual Funds or ETFs?
How does the alpha generated by ETFs compared to that of actively managed mutual funds? The question is addressed in a recent WealthManagement article. The article cites Morningstar data that shows…