Tuesday, November 1, 2016

The Dying Business of Picking Stocks





Passive investing has become investors’ default, driving billions into funds that track indexes. It’s transforming Wall Street, corporate boardrooms and the life of the neighborhood broker

Investors are giving up on stock picking.
http://www.wsj.com/articles/the-dying-business-of-picking-stocks-1476714749


Pension funds, endowments, 401(k) retirement plans and retail investors are flooding into passive investment funds, which run on autopilot by tracking an index. Stock pickers, archetypes of 20th century Wall Street, are being pushed to the margins.

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