There are more hedge funds than Burger Kings (A lot more) Robin Wigglesworth - Financial Times There has been a lot of rending of garments and gnashing of teeth in recent years over the death of active management. Meanwhile, evil passive investing keeps growing. This is wrecking price signals, killing the dynamism of markets, fuelling bubbles/bear markets (delete according to whatever markets are doing that year) and imperilling capitalism itself. Yada yada. The reality is of course that there is more trading than ever before, more mutual funds than ever before, and more hedge funds than ever before. /jlne.ws/3Sgurln
FIRE economy…really took off post dot.com, but it never really died (post GFC)…think about how many fin advisors, mortgage brokers you probably have in some circle of acquaintances…Considering the fact that bots can do a better job of portfolio management than the majority of fin advisors, its a testament to the absurd amount of dead weight in the industry….I suppose the tech layoffs of recent allude to this in other segments of the economy