It has been a disastrous 10 years for ‘short’ funds, but hopes of a market fall spring eternal.
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State regulator sent letters of inquiry to Fidelity, Charles Schwab and TD Ameritrade.
At Fidelity, Schwab and TD Ameritrade, employees win extra pay and other incentives to put clients in products that are more lucrative for them, and the firm.
The rise of index funds was made possible by years of strategic blundering by the people who run active funds.
You can’t be certain about anything in this market, except this.
A vintage article on the logical flaws of “the style police.”