Bear markets are similar to fingerprints in that no two are exactly the same. This can complicate investing for even professional money managers. However, we believe certain factors can improve the probability of success using active management.
While “active or passive?” is a popular debate, using a combination of active and passive strategies can limit risk and help nudge performance higher.
Conventional wisdom doesn’t always hold up when you look at the data. You don’t have to drink 8 glasses of water a day, and inefficient markets don’t make it easier for active managers to outperform.