August 22, 2014
As it’s the summer vacation season, we are re-airing a program that was of particular interest to our viewers.  It’s a WEALTHTRACK exclusive with two outstanding value investors – Wally Weitz of the Weitz Funds, and Tom Russo of Gardner Russo & Gardner, together on television for the first time.  

Financial Thought Leader and long-time exclusive WEALTHTRACK guest, Charles Ellis is a legend in the investment consulting business. The founder of Greenwich Associates has been advising public and private institutional investors for over 50 years on their money management firm choices. A few years ago he had what he described as an “aha” moment, the realization that passive investing had become superior to traditional active money management for a host of reasons. He lays out his rationale in “The Rise and Fall of Performance Investing,” recently published in the Financial Analysts Journal. He is sharing it with WEALTHTRACK.

As he wrote in introducing it to friends and colleagues:

“As you read this piece, you may find it ironic or amusing that it comes from the past chair of the CFA Institute, past teacher of Investments at both Harvard and Yale and one of 10 folks honored by the investment profession for lifetime contributions.
My serious hope is that you’ll see it as a realistic overview of the long-term life cycle of the “money game” and a caring warning to both investment managers and their clients that all business cycles do, eventually decline.”



“FAJ_Rise and Fall of Performance Investing_2014” 1.7MB PDF. Click to download. Right-click to Save.

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