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A comment on What Does Nevada's $35B Fund Manager Do All Day? Nothing. Parent comment

Re:What Does Nevada's $35B Fund Manager Do All Day? Nothing by throw0101d on Sunday July 14, 2024 @08:04AM (#40960422)
Your link has John O'Shaughnessy being interviewed by Barry Ritholtz (two respected folks in finance), and O'Shaughnessy later corrected himself:

* https://twitter.com/jposhaughnessy/status/115517108366392524...

While I do believe set-and-forget passive investing is best for the vast majority of people, last time I checked that Fidelity study does not actually exist, and the story is apocryphal (no one seems to be able to actually link to it).

If you ask Fidelity about it, they'll tell you it does not exist:

* https://www.morningstar.com/columns/rekenthaler-report/archi...

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Re:What Does Nevada's $35B Fund Manager Do All Day? Nothing by JumpCrisscross on Sunday July 14, 2024 @08:08AM (#40960446)
> last time I checked that Fidelity study does not actually exist

Which makes sense: they’re a commission broker and active manager.

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Re:What Does Nevada's $35B Fund Manager Do All Day? Nothing by djkivi on Sunday July 14, 2024 @11:52AM (#40961618)
Thank you.

There are too many of these apocryphal stories out there of various kinds. Sorry that this one appears to be too.

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