The distinction between passive and active management is kind of a misnomer anyway, right? There's no reason an "active" manager can't just select x00 companie

The distinction between passive and active management is kind of a misnomer anyway, right? There's no reason an "active" manager can't just select x00 companies by some criteria, publish that list and then just invest in that basket with modest adjustments? At this point, the primary advantage that "passive" management has is extraordinary marketing, mainly through the selection of S&P 500 components.