Underperformance of actively managed portfolios: some behavioral insights

E Otuteye, M Siddiquee - Journal of Behavioral Finance, 2020 - Taylor & Francis
Two glaring anomalies in investment management are apparent:(1) after fees, active
portfolio managers do worse than market indices, and (2) clients continue to pay for services …

Long-term Results of Timing Versus Buy and Hold in a Bull Market: A Comparative Study

TE Moore - 2020 - search.proquest.com
The topic of this research study was investment entrance strategies in exchange-traded
funds (ETF) during a bull market. The problem addressed in this study was that most active …

Loopholes in Modern Portfolio Theory

A Messica - Available at SSRN 3190173, 2018 - papers.ssrn.com
This paper points out to loopholes in Modern Portfolio Theory (MPT) and fundamental flaws
that question its validity and applicability not only for investment but for education as well …