Thanksgiving is but a few days away. We celebrate by the giving of thanks for whatever bounty has come our way. It is a warm and wonderful holiday full of family and tryptophan and good cheer.
Twice a year, Standard & Poor's releases a “SPIVA Scorecard” -- a report comparing the performance of active managers versus three passive indexes. The S&P 500 large caps, S&P MidCap 400 and S&P SmallCap 600 are pitted against the median returns of active managers.