Firstly, I am not a fan of passive, index investing.
It's insidious and eating away at price discovery and the efficiency of the market.
The only reason it's so effective is because it steals from every active investor making calculated decisions on value. It's the kid that cheats on every exam, and then tries to make out it possesses some mythical ability.
If life was fair - every passive fund would pay a fee to every poor bugger that spent their hard earned trying to figure out what is fair value.
Instead, we have mindless muppets talking about how amazing index funds are, without any idea why they work in the first place.
Time will show when the balance tips. Jack himself even mentioned the chaos that would be caused if it reaches a critical point.
However, the notion that we are now in a stock pickers market, where active management comes to the fore is nonsensical.
The research and figures don't lie... passive has been kicking active's butt for the past 50 years. Through good times and bad.
Why? Because unlike your Wilson fund, every fund manager is working for passive. They are taking the buy signals from every investor out there... and laughing all the way to the bank.
P.S The fact you could work out the post fee performance for any Wilson fund is amazing. They do try so very hard to keep those pesky fees from affecting their figures.
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Last
$1.51 |
Change
-0.010(0.66%) |
Mkt cap ! $421.5M |
Open | High | Low | Value | Volume |
$1.52 | $1.52 | $1.51 | $264.3K | 174.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 440 | $1.51 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.52 | 8024 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 440 | 1.510 |
1 | 33200 | 1.505 |
2 | 108000 | 1.500 |
3 | 13808 | 1.495 |
3 | 10447 | 1.490 |
Price($) | Vol. | No. |
---|---|---|
1.520 | 8024 | 1 |
1.530 | 9626 | 2 |
1.535 | 5000 | 1 |
1.545 | 15905 | 2 |
1.550 | 50332 | 5 |
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