Despite recent successes by portfolio managers, passive investment continues to grow.

It is absurd to expect that such passive investments ought not to be taxed as ordinary income.

Now that doesn't make for a passive investment.

They did not make passive investments in garden apartments across the country.

We called it passive investment, and it later became known as indexing.

Frankly, a passive investment at the end of day wasn't what I wanted.

The losses from a passive investment are not permanently forgone, he noted.

This was reversed in the 1930s, when passive investments were taxed at both the corporate level and as part of individual income tax.

In fact, he said, these are usually passive investments and therefore subject to registration and disclosure rules.

Until the 1970s, it was predominantly a mining finance house receiving income from passive investments.