Then why are there all of these active fund managers working in large multinational companies (BlackRock, Vanguard, JP Morgan, Goldman Sachs). How are their salaries even paid for and how do they afford the fancy office spaces. If it's widely acknowledged that index funds always outperform actively managed funds, shouldn't they all be out of a job?
Submitted January 17, 2020 at 06:11PM by Chromium94 https://ift.tt/2FXWAJy
