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Money Talk For ER DocsAuthor: ER Doc Advisor
Join your host Scott Wisniewski and a thriving community of ER Doctors who are learning to simplify money and make smarter financial decisions. As a hardworking Emergency Physician, it's important to know the vital signs of your financial health, and the profession simply comes with complexities others don't understand. This podcast is created to be your go-to resource for straightforward advice uniquely tailored for ER Doctors. Join us every week for new episodes, and you can find more tools, get personalized help and a free Financial Vital Signs Checkup at erdocadvisor.com/survey. Language: en Genres: Business, Education, How To, Investing Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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Ep #298: Giving Active Managers the Benefit of the Doubt
Episode 298
Tuesday, 14 July, 2026
Active management has always been marketed around the promise of expertise: smarter research, better timing, and the ability to avoid the market's biggest mistakes. And to be fair, there are some reasonable arguments for why certain managers, in certain markets, might add value. But when you move past the sales pitch and look at what investors actually experienced over time, the story gets much harder to defend. Today, we're going to separate the theory of active management from the real-world results. Topics discussed: How active funds differ from a simple index-tracking strategy. Why "costless" benchmarks seem too strict but barely change the outcome. How equal-weighting versus asset-weighting funds tell very different stories. What dollar-weighted returns reveal that published fund returns hide. How 5,000+ active funds narrowed to just 430 true winners. Why chasing performance and panic-selling erodes even good managers' results. Resources mentioned: ERdocadvisor.com
