Fund managers face a time allocation problem: they must balance spending time on existing holdings (defense) versus searching for new positions (offense), and the tendency when managing large funds is to spend too much time defensively and not enough time offensively looking for new ideas.
causalpending
Speaker
Anthony BoltonEvidence Quote
“the tendency is when you run a big fund to spend too much time defensively and not enough time offensively”
Source
Anthony Bolton | Podcast | In Good Company | Norges Bank Investment Management— Norges Bank Investment ManagementCreated: 8/11/2026, 6:41:39 AM
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