The objective of the customer is not being met if the fund managers are diversifying their assets into hundreds of businesses. If they do this, they are typically performing close to the indexes. But that's not the way wealth is created.
How people keep correcting us when we are young! There is always some bad habit or other they tell us we ought to get over. Yet most bad habits are tools to help us through life.
The future of society is 100% dependent on scientific advances.
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