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The Downside of ETF

The Overstated Ills of ETF’s

Price Discovery, But Now With Fewer “Patsies” “If you’re playing poker for half an hour, and you don’t know who the patsy at the table is . . . it’s you.” –Warren Buffett As super-cheap exchange traded funds (“ETF’s”) proliferate, Wall Street is fighting back. The latest salvo:  a new academic paper suggesting that ETF’s...
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