Don’t pay 2% to a mediocre mutual fund. Instead, consider a small allocation (10-20%) to deep-value, contrarian active managers who thrive when passive flows are irrational. Look for managers who have a .
Is the rise of indexing the greatest democratization of wealth in history? Or is it a slow-motion heist where the exits are hidden, the valuations are absurd, and the only winners are the giant asset managers like BlackRock, Vanguard, and State Street? index money heist