The downsides of actively managed funds:
Mitigating personnel instability risk: Domestic fund managers have an average tenure of only 1.72 years, with frequent turnover;
Avoiding human weaknesses and emotional interference: Fund managers are human too, prone to cognitive biases like overconfidence, anchoring effects, and disposition effects;
#价值投资 #段永平
Mitigating personnel instability risk: Domestic fund managers have an average tenure of only 1.72 years, with frequent turnover;
Avoiding human weaknesses and emotional interference: Fund managers are human too, prone to cognitive biases like overconfidence, anchoring effects, and disposition effects;
#价值投资 #段永平