1min chapter

The Rational Reminder Podcast cover image

THE RACE TO 0% (EP.4)

The Rational Reminder Podcast

CHAPTER

The Paradox of Skill in Investment Management

In the 19 sixties, a securities firm would have ten or 12 analysts. Those analists weren't researching on behalf of their clients. So they'd go ang, identify a great company, and they wouldn't publish their research. Back then, there were about three million shares traded each day. Ad, the partners might invest today.

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