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

Why non-transparent managers are behind most failed acquisitions

Why non-transparent managers are behind most failed acquisitions

‘They don’t understand the importance of culture and cohesion’

Rami Cassis
clock 12 April 2024 • 3 min read
Partner Insight: Understanding the investment universe

Partner Insight: Understanding the investment universe

Invesco
clock 12 April 2024 • 6 min read
FCA issues warning notice to Neil Woodford over liquidity failings

FCA issues warning notice to Neil Woodford over liquidity failings

The firm failed on four accounts between 2018 and 2019

James Baxter-Derrington
clock 11 April 2024 • 2 min read