there the cost advantage for indexing is much smaller, and it's much easier for active managers to be competitive. Michael Breen : The other challenge with those asset-weighted returns is, you don't know where the money went. So, we've got
Most Out of Active and Passive Strategies Join Morningstar's Christine Benz, John Rekenthaler, Scott Burns, and Michael Breen as they have a lively discussion on the benefits and drawbacks of various active and passive strategies.
Michael Breen : Perhaps you can enlighten us on some positions you just added in a various set of bonds with a CIT group? Bruce Berkowitz
Michael Breen : You touched on your flexibility and how a dollar doesn't care where it comes from and how it is made. Your fund has a pretty
Michael Breen : Speaking of mulligans, you just bought a firm that probably wish it had one for the past couple of years: Citigroup. Maybe
Michael Breen : Two general questions about last year, where a balance sheet risk sort of decimated a lot of shares in some firms, if you had
Michael Breen : A new name that we have not talked about and that I am not even that familiar with is Netia. I believe it is a Polish company
Michael Breen : Greetings, this is Michael Breen coming to you from the 2009 Morningstar Investment Conference. We've collected some of the best managers in the business, and we're fortunate to have one of them here with us right now, Amit
Michael Breen : Greetings, this is Mike Breen from Morningstar, and I'm here with Adam and Josh Strauss from the Appleseed Fund, a Chicago
Michael Breen : Speaking of capital allocation, last fall you took positions in debt in a lot of firms, a lot of senior debt. Maybe you can