The Media’s Incomplete Coverage of the Active/Passive Debate. Basically, media coverage of this topic doesn’t circle back what different types of clients need. For example, for some folks (quite a few actually) managing volatility is a bigger priority and that is not typically part of the passive equation.
From the post;
All advisory firms have clients that cannot emotionally endure the normal ups and downs of the stock market cycle. Holding on to market cap weighted index funds no matter what may not be ideal for these clients.
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The picture is from Yellowstone National Park