
Topic
Investment Strategies Compared: Passive, Active, and Hybrid
Passive investing tracks an index at low cost. Active investing selects holdings in search of an edge. Each carries real trade-offs, and a hybrid plan is simply a way to size them.

Passive investing tracks an index at low cost. Active investing selects holdings in search of an edge. Each carries real trade-offs, and a hybrid plan is simply a way to size them.

Stress-testing allocation, overlap, and concentration turns a list of holdings into a set of measurable exposures.