4 ms·
If the less informed shareholder move to passive allocations, the market actually gets more efficient: http://www.philosophicaleconomics.com/2016/05/passiveacti
by Hermel 10y ago
If the less informed shareholder move to passive allocations, the market actually gets more efficient:
http://www.philosophicaleconomics.com/2016/05/passiveactive/ http://www.philosophicaleconomics.com/2016/05/passiveactive/
- infinite8s 10y agoUntil no one is left doing price discovery. The end state of the indexing craze isn't 100% passive investing, but some equilibrium between active and passive management.