Embed Notice

@cstross @KevinMarks part of the problem is that for the last few decades, being bad at investing did not matter. There are 2 big reasons

1. Boomers savings meant there was a lot of money to buy anything and to support investment. Money needed to go somewhere and there was more demand for investment products than there was supply of them
2. Software made money despite bad investments.

Which means it created an industry in which making money is a side thing. Not a skill trained.