In this episode of Educational Alpha, Bill, along with special guests Chris Tarui and Aaron Filbeck, examines the evolving landscape of investments, highlighting the crucial role of education and democratization in asset management. They discuss the potential shift of trillions of dollars into alternative investments, emphasizing informed decision-making and responsible leadership. The conversation explores regulatory aspects, technology's role in democratization, and the significant impact of manager selection on investment outcomes. As the industry stands at a crossroads, they advocate for a cautious and educated approach, highlighting the potential for long-term growth and diversified portfolios.