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

🤔