The creator discusses the evidence on active versus passive investing, focusing on the continuity of money manager performance. The analysis suggests there is little evidence that good money managers consistently stay good or bad managers stay bad over time, with performance often shifting significantly between quartiles. The creator also touches on Morning Star ratings, noting they have limited predictive power for investors.
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Session 36 (of 42): More on Investor Performance - Continuity and Consistency
Mar 24, 2026
The creator discusses the evidence on active versus passive investing, focusing on the continuity of money manager performance. The analysis suggests there is little evidence that good money managers consistently stay good or bad managers stay bad over time, with performance often shifting significantly between quartiles. The creator also touches on Morning Star ratings, noting they have limited predictive power for investors.
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