Eugene F. Fama, Nobel Prize winner in Economics 2013 has research that suggests that luck is involved when placing money on the stock exchange.
There are still many who invest in equity funds instead of index funds. Equity funds are traded by brokers as opposed to index funds traded by robots. There are several advantages of robots, they have no emotions, count incredibly fast, have (almost) unlimited memory etc.
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This will come back to bite the unions, part 16
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