Active Management Is Not Dead

Reports of the death of active management have been greatly exaggerated. Daniel Wiener, editor of The Independent Adviser for Vanguard Investors and CEO of Adviser Investments, LLC, with $3.5 billion under management, has been recommending and using actively-managed mutual funds for more than a quarter-century. His newsletter's Growth Portfolio has outperformed Vanguard's vaunted 500 Index fund by almost 2% per annum over 26 years using a diversified mix of actively-managed funds. His mantra: Buy the manager, not the fund. Join Dan to find out which managers he likes, which he doesn't, and how you can profit from picking the right managers for your own portfolio.