Seeing Dalio openly talking about this is not to be underestimated
Does make me wonder though: in an era when you can just save in Bitcoin, with self-custody, and outperform the average fund, why would you ever invest via a fund?
Ie the fund managers are truly under threat
I can see a world where you put together a fund for niche exposure, high risk stuff
Or more conventional equity investing
But the average fund is a thing of the past
Counter party risk
Inflation risk
Liquidity risk
Rather than being a fund manager, a far better use of time would be to simple save in Bitcoin, teach others that same skill, then focus on what you want to do
🤔
