During my eighty-seven years, I have witnessed a whole succession of technological revolutions. But none of them has done away with the need for character in the individual or the ability to think.”
October 16, 2017
The world of active investment management was dramatically and negatively impacted on March 6, 2006. On that day, the New York Stock Exchange became a for-profit organization. The impact of the event would be disruptive to active management for years, yet the impending impact was missed by everybody. After all, who would...