Active vs. Passive Isn’t a Debate. It’s a Decision About Risk. скачать в хорошем качестве

Active vs. Passive Isn’t a Debate. It’s a Decision About Risk.

Active vs. Passive Isn’t a Debate. It’s a Decision About Risk. We just kicked off the first episode of 2026 on the Financial Longevity Podcast with a topic that never seems to go away: Active vs. Passive investing. But the more I do this work, the less I think this is a binary choice. Yes—passive strategies are efficient, low-cost, and powerful tools. Yes—great active managers can add value through discipline, risk management, and conviction. The real issue isn’t performance. It’s risk concentration and behavior. Today: • The top 10 stocks make up ~40% of the S&P 500 • Technology is nearly 50% of the index • And most investors don’t realize how concentrated their “diversified” portfolios really are At the same time, the biggest threat to long-term returns is still the same as it’s always been: Behavior. Warren Buffett underperformed the S&P in more than half of all quarters— Yet beat the market over rolling 5-year periods nearly 3 out of 4 times. The difference wasn’t stock picking. It was discipline, time horizon, and allocation. That’s what we discussed with Casey Clark, CIO of Rockefeller Asset Management: • Why concentration risk matters more today than ever • Why asset allocation drives more returns than security selection • Why inactivity is often the hardest — and most profitable — decision • And why the goal isn’t beating a benchmark, but achieving the return your plan actually requires Active or passive? The better question is: Is your portfolio built to help you stay disciplined when markets don’t cooperate? ----- Hi! My name is Michael Merlin. I am a Certified Financial Planner, founder of Merlin Wealth Management, and bestselling author of Financial Longevity. With over 20 years advising families on growing, protecting, and passing down wealth, I am committed to making financial confidence accessible. Find out more: ► In my book, Financial Longevity: Increase Your Wealth Span, Spend Money Guilt-Free, and Gain the Confidence to Enjoy Your Bigger Future - https://financial-longevity.com/produ... ► On The Financial Longevity Podcast: https://financial-longevity.com/podcast/ ► Connect with me on LinkedIn:   / michael-merlin-7b81568a   ► Connect with me on Twitter: https://x.com/michaeljmerlin