Multi-billionaires, who can control the media and the boards of directors, can’t beat the market. Hedge funds, who have the most sophisticated tools and PHDs at their disposal, can’t do it either. From pragmatic capitalism: Dear Hedge Funds: Index Funds Didn’t Eat Your Returns Indexing strategies have been the fastest growing segment of the asset… Continue reading ‘Peak Everything’ and the ‘winner-take-all’ market