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Active investing collectively drags down portfolio returns, and the evidence leaves almost no counter-argument.
Drawn from what Aswath Damodaran said
A private bookmark. Not a position, and never counted.
What Aswath Damodaran actually said
Word for word, with the source under each one. They did not write this page.
Professor of finance at NYU’s Stern School of Business
there is almost no counter to the argument that active investing collectively creates a drag on portfolio performance
Added to korrents 18 Jun 2026 · How quotes work · Something wrong? Tell us
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