Billionaire Paul Singer warns of threat of passive investing
Describes world where small investors have 'little-to-no hope.'
Billionaire Paul Singer is warning of a growing and menacing threat: passive investing.
"Passive investing is in danger of devouring capitalism," Singer wrote in his firm's second-quarter letter dated July 27. "What may have been a clever idea in its infancy has grown into a blob which is destruc
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