Asset managers earn a markedly higher advisory fee from active investment strategy and rightly so as active management relies on the skill of the asset manager which needs to be duly compensated with a higher advisory fee.
Asset managers earn a markedly higher advisory fee from active investment strategy and rightly so, since given the relatively more trading of assets, active investing incurs higher transaction costs but more importantly because active management relies on the skill of the asset manager which needs to be duly compensated with a higher advisory fee.
Fama admits there is evidence of skill with a handful of active fund managers, but the odds of picking the right mix of managers are as difficult as finding a needle in a haystack.
In order to build a network that is effective for your startup, I believe it is important to first be conscious of which parts of your business you are proficient in and which parts require some guidance and then take an active role in seeking mentors who have those particular skill sets.
While fighting skill was critical in the arena, the spectators played an active role and could vote thumbs up or thumbs down whether a gladiator lived or died.