The Dying Business Of Picking Stocks

The New York Times – October 18, 2016

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.

Big fees and UNDERperformance too often
Hammer nails into the stock-picker’s coffin.

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