[kgwgk]

"And now passive investing has removed price discovery from the [cookie] markets. The simple theses and the models that get people into [cookie baskets] -- these do not require the [cookie]-level analysis that is required for true price discovery."

[woodandsteel]

And the article says that is due to other factors in addition to passive investing, like central bank interest policies.

[kgwgk]

Where does the article say that? We may be talking about different articles...