review.chicagobooth.edu | Is investing in financial markets merely a matter of luck? Or do active managers have some insight into which stocks will outperform the broader market? John Rekenthaler, vice-president of research at Morningstar, joins Chicago Booth's Lubos Pastor and Juhani Linnainmaa (now with USC Marshall School of Business) to discuss luck vs. skill in active management on this episode of the Big Question.