HOME POPULAR Love Life Inspiration Motivation Funny Friendship Family Faith Happy Hurt Sad Cute Success Wisdom ALL TOPICS Animals Art Attitude Beauty Business Birthdays Dreams Facts Fitness Food Forgiving Miss You Nature Peace Smile So True Sports Teenage Trust Movie TV Weddings More.. AUTHORS Einstein Plato Aristotle Twain Monroe Jefferson Wilde Carroll Confucius Hepburn Dalai Lama Lewis Lincoln Mandela Lao Tzu Ford More.. Affirmations Birthday Wishes
Follow On Pinterest

As a result of overdiversification, their (active managers) returns get watered down. Diversification covers up ignorance. Active managers haven't done enough research into any of their companies. If managers have 200 positions, do you think they know what's going on at any one of those companies at this moment?