Hard for an Individual to Beat the Collective: Ritholtz

The transcript discusses the shift from active to passive investing, driven by investor reactions to market scandals and the challenges of stock picking. It highlights the ongoing debate about the effectiveness of active vs passive strategies, especially in light of recent market shocks. The conversation also touches on the difficulty of predicting macro events and their impact on the market, emphasizing the collective wisdom of the marketplace over individual predictions.

What factors contributed to the shift from active to passive investing according to the text?

How does the speaker describe the performance of active investing in the current market?

What is the significance of the term 'macro tourists' as used in the text?

In what ways does the speaker suggest that individual investors struggle against market forces?

What are the potential future trends in investing mentioned in the text?