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Kinda makes sense. Still, it sounds like a very fragile system. So instead if active fund managers "knowing the market better", we'll get active fund managers,
by groundlogic 7y ago
Kinda makes sense. Still, it sounds like a very fragile system.
So instead if active fund managers "knowing the market better", we'll get active fund managers, "knowing the passive investor crowd better".
This is madness.
- yifanl 7y agoI mean, if the majority of the market is dumb passive index funds, those are one and the same :)