2 responses to “The performance of asset managers”

  1. Hello Rolf,

    Good to have you back on air. Whereas I don’t dispute your views about investing in listed asset managers I am in favour of direct investing in businesses. I do however expect investors to be in a position to participate actively and constructively in any such investment and in my experience those who have done so over the past 20 years have done a good deal better with those assets compared to the returns received from discretionary mandates given to external managers.