“I know you are afraid and you should be afraid. I will invest you in products that will not stir up your fears." This sentiment is applied over and over again in the investment industry in one form or another, by the "Cult of Emotion..."
Why do most active equity mutual funds underperform? The common perception is that active funds lag due to poor stock-picking skills and high management fees. Not according to Dr. Howard. His research shows that active equity funds can be evaluated based on behavioral concepts and that specific behavioral criteria such as strategy, consistency and conviction are predictive of superior performance...
Collectively, active equity delivers no value to its investors and, in fact, extracts value from them. So what can be done to launch an active equity renaissance?
AthenaInvest Advisors LLC
5340 South Quebec Street, Suite 365-N
Greenwood Village, CO 80111
Phone: (877) 430-5675
Fax: (303) 721-6294
Email: support@athenainvest.com
