Non sequitur. The point of active investment isn't to avoid having a market impact but to selectively pick over-performing assets. For example, assets indexed o

Non sequitur. The point of active investment isn't to avoid having a market impact but to selectively pick over-performing assets. For example, assets indexed on the S&P 500 represent 2.2 trillions dollar; it's very easy to buy execution services to have limited market impact even if your position is in the tens of billions.