How I Won The CNBC Stock Pickers Award 2
There's a misinformed market about this, and I'd have to disclose, you know, I run on building indexes with FTSE Russell. I'm gonna disclose something today: I won the CNBC Stocktaking Contest yesterday. We've got that picture of that thing here somewhere, but here's how I did it.
I simply went back to an index called All USA that FTSE Russell built when it was time to call those stocks and asked them what were the two heaviest weighted names in that index at that time. It was Boeing and Apple. They beat everybody. All the active stock pickers got cleaned out by this actively managed index, which is basically the mind of a very strong manager instituted into rules that they built.
This is a new form of investing at half the price. I used to pay active managers 100 basis points; I pay him 48 now. And I whacked all those guys. I'm using these indexes. What people don't understand is they're taking over. They're not robots; they're researchers. And they tell you they build what you want. Is that basically what's happening?
Yeah, that's exactly what's happening, Kevin, and congratulations, by the way, on being the winner of the stock. Thank you. I love to gloat, but I don't really. Dad, yesterday, the market’s down 4.1%. Oh, USA Index managed by FTSE Russell was down 3.6%. That's 40 basis points outperformance. It's people doing the research beating the old stock picker guys. That's my point.
And so that's essentially an actively managed strategy. Before you invest in Osho's investment funds, please refer to the prospectus for important information about the investment objectives, risks, charges, and expenses. To obtain your prospectus, continuing this and other important information, please visit www.sap.com/learnbi.
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