Elon Musk’s Warning: Is Your Passive Investing Strategy Aligned with the Future?
Once upon a time, investors who wanted to own shares in a fund typically bought into actively managed mutual funds. A fund manager picked stocks — and charged investors handsomely for their services.
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Today, investors largely flock to passively managed exchange-traded funds (ETFs). Many of these simply mimic major stock indexes like the S&P 500 or the Russell 2000.
Never one to hold back, Elon Musk has blasted passive investment funds on numerous…
