There is an interesting article on TechCrunch about the author’s advice to a Facebook employee on how to manage his newly liquid wealth. He believes software will beat the active investor 99% of the time for the following reasons.
- Software isn’t greedy or fearful
- Software isn’t irrational
- Software always loves investing
- Software doesn’t have a vacation home ot pay for
Will the active investment manager go the way of the MTV VJ?