ETFs do sound like a big win. I suppose someone could look at them as “finance solving a problem that finance created” (if the “problem” is e.g. expensive mutual funds). But even the mutual funds may be better than the “state of nature” (people buying individual stocks based on personal preference?). And expensive funds being outpaced by cheaper, better products sounds like finance working the way any competitive market should.
Thanks!
ETFs do sound like a big win. I suppose someone could look at them as “finance solving a problem that finance created” (if the “problem” is e.g. expensive mutual funds). But even the mutual funds may be better than the “state of nature” (people buying individual stocks based on personal preference?). And expensive funds being outpaced by cheaper, better products sounds like finance working the way any competitive market should.