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Charley Ellis - The Evolution of the Asset Management Industry

Value Investing with Legends

CHAPTER

The Complex of Who You're Competing Against Has Changed

Trading volume has gone from roughly three million shares a day to six, eight billion shares a day. Harvard Business School didn't have any courses on investment management 50 years ago. The amount of information that's available through Bloomberg Terminal is simply incredible. And then you think about how much does the equipment change? Nobody's seen a slide rule today.

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