Transformations in Modern Investing

This chapter explores the evolution of financial markets over the last twenty years, with a focus on the rise of passive investments and ETFs that have broadened access to diverse asset classes. It examines the impact of technology on individual investors and compares day trading to long-term strategies, while addressing the concerns of wealth managers about market stability amid generational shifts in saving habits. Additionally, the chapter discusses the ongoing debate between active and passive investing, highlighted by insights from legendary investors, and the significant role of the Federal Reserve in shaping economic conditions.