Making Daily Headlines · Page 10
Former fund manager questions retail stock-picking progress
· New York time
A former hedge fund manager argues that retail investors are no more sophisticated than thirty years ago, CNBC reports. The assessment questions efforts to beat the market with individual stocks and complex exchange-traded funds, suggesting broad index funds may serve investors better. That is an attributed investment assessment, not a guaranteed outcome. Its pointed distinction is between access to tools and skill in using them. The modern investor can obtain an extraordinary amount of information instantly. The buy button, however, has not added a separate confirmation asking whether the confidence came from analysis or a particularly persuasive afternoon.
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