Sawyer Capital ManagementActive Inefficiency Excuse Hollow – Sawyer Capital Management https://www.sawcap.com Evolutionize Web Site Tue, 14 Nov 2017 19:30:19 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.22 Active Inefficiency Excuse Hollow https://www.sawcap.com/2015/06/22/active-inefficiency-excuse-hollow/ https://www.sawcap.com/2015/06/22/active-inefficiency-excuse-hollow/#respond Mon, 22 Jun 2015 09:00:53 +0000 http://evolvemypractice.com/?p=2030 Even many advocates of active management will concede that the efficiency of the market for U.S. large-cap stocks is so great that attempts to add value (generate alpha) through individual stock selection and/or market timing are unlikely to produce positive results. However, they cling religiously to the notion that active management remains the winning strategy...

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]]> Even many advocates of active management will concede that the efficiency of the market for U.S. large-cap stocks is so great that attempts to add value (generate alpha) through individual stock selection and/or market timing are unlikely to produce positive results.

However, they cling religiously to the notion that active management remains the winning strategy in less informationally efficient markets. And emerging markets are often considered the poster child for an inefficient market.

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