By Anne Tergesen and Jason Zweig | Oct. 17, 2016 12:12 p.m. ET Image credit: Pixabay Investors are giving up on stock picking. Pension funds, endowments, 401(k) retirement plans and retail investors are flooding into passive investment funds, which run on autopilot by tracking an index. Stock pickers, archetypes of 20th century Wall Street, are...
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By Jason Zweig | Oct. 18, 2016 7:48 pm ET Image credit: “The Great Train Robbery,” theatrical poster (ca. 1896), Library of Congress In our series “The Passivists,” The Wall Street Journal is looking at how and why actively managed funds are losing out to index funds. One reason almost too obvious to mention: Actively managed...
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By Jason Zweig | Oct 14, 2016 12:27 pm ET Image credit: John Maynard Keynes, detail of group photo of Bertrand Russell, Keynes, and Lytton Strachey by Lady Ottoline Morrell (1915), National Portrait Gallery, London As my “Intelligent Investor” column this weekend points out, the renowned economist John Maynard Keynes (1883-1946) was also a...
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Image Credit: “Maynard Keynes,” Duncan Grant (1917-18), The Charleston Trust By Jason Zweig | Oct. 14, 2016 11:21 am ET The next time the stock market crashes, we will all step forward and buy stocks boldly — at least in our imaginations. But buying stocks when the market collapses is far harder to do than to imagine. New research looks at...
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By Jason Zweig | Oct. 16, 2016 8:59 pm ET Image credit: Antonio and Piero del Pollaiuolo, “The Martyrdom of St. Sebastian” (1475), The National Gallery, London The active-management industry is starting to resemble an endangered species because its leaders too often forgot a fundamental business principle: You get the clients you...
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