Sometimes you like a book to the point that you would like to read it again, Came across an  interesting extract from one of my favorite imagesbook Trader Guns and money, ..The fund managers had their own papal fashions which is called as investment styles,

Style :                     Index Fund

Meaning :           The fund manager invests to match some  index like S&P 500

Reference :          The fund manager has give up trying to beat the market.

 

Style :                    Active Management

Meaning :           The Fund manager picks up stock that willdo better than the market

Reference :          The triumph of hope over experience. You the investor are paying for the experiment. Continue reading

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