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State of the American Investor (EP. 427)

Animal Spirits Podcast

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The Transformation of Individual Investing: From Informational Disadvantage to Empowerment

This chapter explores how the advent of technology has reshaped individual investing from the 1990s to today. It contrasts earlier high commission fees and limited information access with the current landscape of low-cost trading and abundant market data, suggesting that this shift has affected the performance of institutional investors relative to retail investors.

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