► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs<br /><br />Charley Ellis, author of 'Winning the Loser's Game', explains to the FT’s John Authers how, almost uniquely, the fund management industry has managed to avoid competing on price.<br /><br />Filmed by Gregory Bobillot. Edited by Paolo Pascual.<br /><br />For more video content from the Financial Times, visit http://www.FT.com/video<br /><br /><br />Twitter https://twitter.com/ftvideo<br />Facebook https://www.facebook.com/financialtimes
