{"id":1120,"date":"2015-02-14T08:12:25","date_gmt":"2015-02-14T16:12:25","guid":{"rendered":"http:\/\/springwaterwealth.com\/?p=1120"},"modified":"2015-02-14T08:12:25","modified_gmt":"2015-02-14T16:12:25","slug":"nobel-prize-winner-eugene-fama-active-management-is-a-bad-bet","status":"publish","type":"post","link":"https:\/\/springwaterwealth.com\/nobel-prize-winner-eugene-fama-active-management-is-a-bad-bet\/","title":{"rendered":"Nobel Prize winner Eugene Fama: Active management is a bad bet"},"content":{"rendered":"<p>At Springwater, we build portfolios based on the science of capital markets to deliver a better investment experience for our clients.  We know that you don&#8217;t need to accurately predict the future to deliver successful long-term performance.<\/p>\n<p>With the market again near an all-time high, we thought it would be prudent to review some comments by Eugene Fama about investing styles, and the futility of active strategies like stock-picking and market-timing.  Professor Fama is professor of finance at the University of Chicago, and a recent Nobel laureate.  He is widely regarded as one of the leading thinkers in the field of financial economics.<\/p>\n<p>You can read an excerpt of his comments at the September 2014 Morningstar ETF Conference <a href=\"http:\/\/news.morningstar.com\/articlenet\/article.aspx?id=665712\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>At Springwater, we build portfolios based on the science of capital markets to deliver a better investment experience for our clients. We know that you don&#8217;t need to accurately predict the future to deliver successful long-term performance. With the market again near an all-time high, we thought it would be prudent to review some comments [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_mi_skip_tracking":false,"footnotes":""},"categories":[5,9,11],"tags":[21,44,45,48,81,86,87],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/posts\/1120"}],"collection":[{"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/comments?post=1120"}],"version-history":[{"count":0,"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/posts\/1120\/revisions"}],"wp:attachment":[{"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/media?parent=1120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/categories?post=1120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/tags?post=1120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}