How Investing Got Institutional

Plus! Garden-Path E-Commerce; Micro-PE in Amazon Retail; The Post-Covid Setup; Singles Day

In this issue:

  • How Investing Got Institutional

  • Garden-Path E-Commerce

  • Micro-PE in Amazon Retail

  • The Post-Covid Setup

  • Singles Day

How Investing Got Institutional

In 1968, a writer using the pseudonym “Adam Smith” published a book called The Money Game, which was mostly about mutual fund managers. This was strange then and is strange now. At the time, it was o…

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