, Columnist
Nobody Wants Mutual Funds Now
Also contract redlines, bank bail-ins and carbon capture.
It feels like there are two dominant retail investment strategies:
Many ordinary people do not want to think about their investments much, and modern finance has designed a product that is ideally suited for them. It is the index fund (or index exchange-traded fund), whose essential thesis is that thinking about investments is unnecessary and in fact bad, and you should just buy the market and save on costs.