Passive index investing is great but I imagine there will be some sort of consequences to so much money and so many uneducated investors piling into the same stocks in this manner.
On the other side it will create some great opportunities for stock pickers. One consequence could be a larger number or mutual funds start beating the passive funds over the next 10-20 years.
On the other side it will create some great opportunities for stock pickers. One consequence could be a larger number or mutual funds start beating the passive funds over the next 10-20 years.