Do Active Managers Protect Your Downside? | Common Sense Investing

In this episode of Common Sense Investing, I will tell you why your active manager is not able to protect your downside.

An active money manager might tell you that they are able to act defensively to protect your investments during a down market. While the thought of letting your portfolio fall with the market is unpleasant, there is no evidence of the ability of active managers to consistently offer protection from bad markets.

My name is Ben Felix of PWL Capital and this is Common Sense Investing. I’ll be talking about a lot more common sense investing topics in this series, so subscribe and click the bell for updates. I want these videos to help you to make smarter investment decisions, so feel free to send me any topics that you would like me to cover in the comments section below.

Referenced in this video:
Luck vs. Skill in the Cross Section of Mutual Fund Returns - https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1356021
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