今天的股票投资可以被分为两大阵营,主动投资和被动指数化投资。主动投资和被动投资的根本区别就在于投资经理的投资目标是战胜市场取得超额收益,还是简单地获取市场的平均收益。被动指数化投资的理论基础是市场高度有效,任何企图战胜市场的努力都是徒劳。而主动投 Today’s stock investment can be divided into two camps, active investment and passive index investment. The fundamental difference between active investment and passive investment lies in the investment manager’s investment objective is to overcome the market excess returns, or simply get the market average return. The rationale for passive indexed investment is that the market is highly effective and that any attempt to beat the market is futile. And take the initiative to vote