Tesla chief Elon Musk and Ark Invest founder Cathie Wood touted the benefits of active portfolio management while taking aim at the rise of passive investing, with the duo arguing in a series of tweets that the passive trend has gone too far, leading to market distortions and weaker returns for investors. Musk waded into the passive vs. active debate when wrote in a May 1 tweet: “There should be a shift back towards active investment. Passive has gone too far.” Wood later shared Musk’s tweet, arguing that passive investment funds have prevented many investors from benefiting from the meteoric growth of some disruptive firms, like the 400-fold gain in Tesla stock. ...
Source: https://www.theepochtimes.com/elon-musk ... 47514.html
Elon Musk and Cathie Wood Say Passive Investing Has Gone ‘Too Far’
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Elon Musk and Cathie Wood Say Passive Investing Has Gone ‘Too Far’
"America needs a brushfire, a moral and spiritual brushfire. And brushfires burn from the bottom up." ~ Bob Woodson