Common Cents for December 14th 2012

December 17, 2012, by Shelley deClerk

We don’t own a lot of actively managed equity mutual funds at Oakworth. While the statistics suggest active managers, as a lot, have a difficult time beating a passive index like the S&P 500 over time, one of my biggest concerns is the mindset of the portfolio managers. That might sound crazy, so let me explain. Managing an individual client’s money and managing a mutual fund are two different things. While short-term performance is an...

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