Premature Eulogy To Buy-And-Hold

Wednesday, April 1st, 2009  |  Our Thought Leadership Research

While the debate on passive and active management has gone on for decades, it has been a rather peaceful one where both camps have agreed to disagree. The recent financial crisis however hanged this relationship, as the media goaded investors to oppose passive management. Some of the larger personalities in the active management camp have also repeatedly penned eulogies for the buy-and-hold (passive) investment concept. Is it really time to bid adieu to buy-and-hold? This paper attempts to answer the question.