Utopian endgame of the passive investment trend: Prices will be driven by patient activist investors and a few expert stock-pickers.
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@DanielleFong@pmarca@michelteivel@trengriffin@Noahpinion this is correct and dangerous. People are mistaken about "passive" as a panacea -
@davealevine index as a bubble? :-)@DanielleFong@pmarca@trengriffin@Noahpinion - 12 more replies
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