Future Looks Messy for Passive Investors: Merryn Somerset Webb

Feb. 6, 2023, 5:00 AM UTC

Last week, Marie Kondo announced she had given up on tidiness. It turns out that she found it easy to be immaculate because she had no kids. Now she has three.

What next you might wonder. Will social media influencers discover they found it easy to be thin and beautiful mostly because they were young? Will tech investors learn it was easy to get rich because interest rates were too low for too long? Will the managers of passive investment funds find they were successful only because market momentum was on their side?

These confusions of skill with circumstance seem ...

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