A Golden Age for Individual Investors

Plus! Bearish Berkshire, Cloud, Unlockdown, Luckin, Adpocalypse, Big Tech Political Realignment, Healthcare Fintech

An important and well-covered trend over the last three decades is the slow-then-sudden shift from actively-managed mutual funds to passive vehicles that just buy the index. Several forces involved: traditional funds charge high fees, small companies aren’t listing as early in their lives, day-traders got burned in the 90s, amateur investors faced …

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