Are Markets "Fundamentally Broken"?
The rise of passive index investing versus fundamental analysis (active) investing.
In a Bloomberg article today, David Einhorn of Greenlight Capital is quoted as saying that markets are fundamentally broken due to the rise of passive index investing and algorithmic trading. Article
Einhorn’s message is important and worth exploring. There has certainly been a rise in index investing and this inevitably leads to investors who are not …
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