Kinda tangential, but hopefully someone lurking in here will bite:
With the growing popularity of passive strategy among institutional and retail investors, will EMH break down and create opportunities for active strategy again? As I understand it, active strategy is a borderline fools' errand on the timeline of ten or more years. But if everyone just buys the S&P, surely that means fewer eyeballs on price discovery and more pricing inefficiencies, no?
There has always been room for active strategies, and there will continue to be room for active strategies. It's very likely _your_ active strategy isn't as good as buying and holding an index fund.
With the growing popularity of passive strategy among institutional and retail investors, will EMH break down and create opportunities for active strategy again? As I understand it, active strategy is a borderline fools' errand on the timeline of ten or more years. But if everyone just buys the S&P, surely that means fewer eyeballs on price discovery and more pricing inefficiencies, no?