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Active money management is in secular decline. With time even last fools will notice that etfs outperform 75% of actively managed funds. The whole will inevitably gravitate towards the lowest cost structure possible. It may not happen tomorrow but still investing in LM is like investing in printed press right now. Looks cheap for very good reason
Aug 12 02:22 am
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All Comments by bishk1301 »Legg Mason: Quintessential Bear Market Value Play [View article]