Summary: The emotional toll on Madoff's victims is heavy. At the root of all of this pain sits the once (and perhaps still) stubborn belief that active managers can persistently outperform market indexes. The evidence is, however, that they can't.
Summary: The emotional toll on Madoff's victims is heavy. At the root of all of this pain sits the once (and perhaps still) stubborn belief that active managers can persistently outperform market indexes. The evidence is, however, that they can't.