BookWatch: 5 traits ‘Superinvestors’ have in common

It’s safe to say that the idea of active management, by both professionals and individuals, hasn’t been getting a good press recently.

Over the past year a number of studies have revealed that most managers have failed to beat their respective benchmark over the past decade. In June, Britain’s Financial Conduct Authority outlined a new raft of proposed regulations on U.K. fund managers. The FCA claims the aim is to stimulate competition and lower fees.

However, it’s also clear that the regulator dislikes the active investing in principle, and wants to “nudge” people and institutions toward low-cost index funds (even though this is already taking place).

>>> Original Source <<<