Active Investing-a Negative Sum Game

We often hear that now is a good time (or a bad time) for active investing. That does not make sense. In aggregate, active investors always underperform by their fees and expenses.  In this interview, Professor Ken French from the Tuck School of Business at Dartmouth College and a director at Dimensional Fund Advisors discusses active investing in today’s economic world. 

http://www.dimensional.com/famafrench/2009/06/is-this-a-good-time-for-active-investing.html