Graham Bentley: Passives-only crowd taking heroin to treat a cough

Dangers of positive feedback loop

clock • 3 min read

Graham Bentley takes aim at the sacred cows of the passive-only movement, in the first part of a new series on active management...

Vermin Supreme is a candidate for the US Presidency. Vermin is not a generic term - Mr Supreme is a Democrat; a perennial candidate on the ballot for the New Hampshire primary, in the ‘bonkers' UK parliamentary tradition of Screaming Lord Such. I wish him luck in his struggle to lead the world's most powerful nation, because like most Brits I have a soft spot for underdogs: the plucky third tier football team challenging the mightiest of the Premier League, any British tennis player not called Andy Murray. Consequently I have taken it upon myself in 2016 to support a gutsy little unde...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Partner Insight: UK small-cap opportunities are 'The best for more than 30 years', Downing's Judith MacKenzie says

Partner Insight: UK small-cap opportunities are 'The best for more than 30 years', Downing's Judith MacKenzie says

Growing interest in IPOs and a surge in pension fund interest put UK small-caps on course for strong growth.

Judith Mackenzie, Partner and Head of Downing Fund Managers
clock 28 November 2025 • 4 min read
'It's been frantic – in a good way': Orbis' Matt Spencer on maintaining momentum

'It's been frantic – in a good way': Orbis' Matt Spencer on maintaining momentum

Advisers in the UK are ‘exceptionally high quality’

Jenna Brown
clock 25 November 2025 • 8 min read
Why 'bubble talk' doesn't always burst markets

Why 'bubble talk' doesn't always burst markets

What’s really driving recent returns?

Eleanor Ingilby
clock 20 November 2025 • 4 min read