FYI: Not all fund managers are bad news.
Whenever something is “new and improved,” it is seen as the death knell for whatever came before, because the original idea is now old and downgraded.
Thus, a case can be made that smartphones, tablets, and laptops have killed the desktop computer, or that satellite radio has killed traditional terrestrial stations.
Regards,
Ted
http://www.marketwatch.com/story/why-actively-managed-funds-arent-dead-2014-09-08/print
