Like developing countries forgoing landlines for smartphones, young investors are passing over mutual funds for ETFs, says Wisdom Tree’s chief investment strategist.
Seventeen years ago, iShares launched its first wave of ETFs, and immediately changed the asset management business. A member of that team recalls how the magnitude of its success took even some insiders by surprise.
A $3 million bitcoin scam cost NFL player Darren McFadden potentially $237 million in cryptocurrency gains, why ETFs are just like the beer industry 50 years ago, and how Brooks Bollinger went from football to financial advice.