The inconvenient truth of passive investing is that it's too big to proxy, says @johnauthers. But the alternative is divide and rule (via @opinion) https://t.co/YjZ1LHuhz9 ...

John Bogle had a great idea that lowered the cost and democratized investing, but in this extraordinary time of technologically-enabled, transformative innovation, passive “investors” should not be “voting” when they know not what they do. I believe that even Bogle would agree that the pendulum to passive has gone way too far! ...

Sandwish/iStock via Getty Images By Reed Cassady, CFA, Sam Peters, CFA & Jean Yu, CFA, Ph.D. Harnessing Market Energy: Active Value in an Inelastic Era - Market Overview One of the core concepts in thermodynamics is that energy flow drives most systems. This principle also helps explain the behavior of economies, life and — importantly — financial markets, where capital flows act as the system’s energy source, with potentially massive impacts. For instance, the Inelastic Market Hypothesis (IMH) suggest ...

It’s a quirk in the booming world of passive investing: Famed tech fund QQQ is the most profitable offering in the ETF industry, but Invesco earns virtually nothing from running it. Now the asset manager is asking shareholders to change that https://t.co/QlModOzZJM ...