#Academics of Mastodon,
What’s an argument or finding of yours that you think of as potentially important to the broader public, but which you’ve never quite been able to get out there?
Maybe it wasn’t timely enough for an op-ed, or it felt too niche to an ideas editor, or you never had the time or confidence to write it up for a general audience. But you still wish more people knew about or understood it. I always love to hear these things.
@josh @academicchatter that nearly the entire asset management industry is nonsense since virtually none of them can beat the s&p 500 index over the long term.
@Nishan3000 @josh @academicchatter I wouldn't say it's nonsense. Portions of the industry have pivoted towards planning, beyond investment management, and behavioral finance. I think these services are still really valuable.
But I'm pretty sure you're right that the majority of the industry is still predicated on the idea of beating the market, whether we're talking about broker-dealer wealth managers or hedge funds.
