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Main : Financial Expenses : * Arithmetic of Active Management : 


Category: Financial Expenses * Arithmetic of Active Management
VisitSharpe -- "The Arithmetic of Active Management" Popular Last Update: Nov/13/2007 14:21
Description:
Professor Sharpe convincingly argues that in any period mathematically the performance of the average actively-managed fund must trail the performance of the average passively-managed fund by the average difference in fund management costs.
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