As the price of world class portfolio management approaches zero, the massive gap in investor sophistication between rich and poor diminishes. Once the poor ha

As the price of world class portfolio management approaches zero, the massive gap in investor sophistication between rich and poor diminishes. Once the poor have access to this engine of wealth, the main issue becomes the paternalistic need to protect them from themselves... or put another way to declare morally acceptable risk characteristics of portfolios for those who might end up on social welfare. So like motorcycle "helmet laws", we'll have classes of algorithms that are deemed acceptable and allow the non-rich to grow their wealth. Our society still bows before investment oracles whose strategic investments seem to manufacture wealth... but now that human management is accurately viewed as inferior, the divide between rich and poor is less a matter of skill than a byproduct of paternalism.