Will customers keep supporting the enormous overhead required to sustain ineffectual, unproductive stock picking across an array of thousands of individual funds devoted to every investing 'style' and economic sector or regional subgroup that some marketing idiot can dream up? Not likely. A brutal shakeout is coming and one of its revelations will be that stock picking is a grossly overrated piece of the puzzle, that cost control is what distinguishes a competitive firm from an uncompetitive one.
Will customers keep supporting the enormous overhead required to sustain ineffectual, unproductive stock picking across an array of thousands of indi… - Holman W. Jenkins, Jr.
Will customers keep supporting the enormous overhead required to sustain ineffectual, unproductive stock picking across an array of thousands of indi…
- Holman W. Jenkins, Jr.
Certain countries long ago succeeded where the U.S. has failed in commercializing their air traffic control systems, putting them in the hands of pri… - Holman W. Jenkins, Jr.
Certain countries long ago succeeded where the U.S. has failed in commercializing their air traffic control systems, putting them in the hands of pri…
The law is a crude machine at best, and only spits out something approaching justice of its attendants are committed to justice. As lawyering has bec… - Holman W. Jenkins, Jr.
The law is a crude machine at best, and only spits out something approaching justice of its attendants are committed to justice. As lawyering has bec…
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