So the concept of patience and presence may seem odd to one in a leadership position because at first blush they may seem passive, the very opposite of what a leader strives to do.
There are very few funds that own the market in a low-cost, passive approach that tilt towards the small and value areas of the market, the one example that stands out to have a slightly more aggressive tilt is the DFA Global Equity I (DGEIX).
The author of the study, Brent Pollina, laments Alaska's "passive economic development approach, " and says the economic development office has not been very aggressive selling the Alaska brand.
The consistent message across all groups is that very few people beat the market with any consistency in the long-term, and that passive investing using low-cost index funds is a superior way to manage money.