Just a reminder

In a SA article this morning, https://seekingalpha.com/article/4063767-stock-bond-markets-alpha-coming-back, there is a very interesting reminder buried in the discsussion … traditional bond houses do not make money without volitility.  Their greatest profits come from other people’s mistakes.  While the new world of passive algorithmic trading is making some people very rich, many of the traditional vultures are hurting.  Makes it also very hard for small investors to find obscure values that the market will discover afterwards.

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