Swedroe: Tax Managed Funds Fail To Impress
There is an overwhelming body of evidence demonstrating that active management is a loser’s game when it comes to both stock and bond investing. The evidence led author Charles Ellis to call active management just that—a loser’s game—because while it’s possible to win, the odds of doing so are so poor that it isn’t prudent to try.
Swedroe, Larry, "Swedroe: Tax Managed Funds Fail To Impress" (2015). In the News. 631.