[tfwnopmt]

I thought index funds were killing actively managed funds already. Why would anyone choose these over a low expense ratio index fund?

[toomuchtodo]

Because they are unsophisticated and don’t know better. Private equity and credit are looking for bagholders, and the only potential buyers left are retail.

[toomuchtodo]

Citation:

Private Equity's Great Escape - https://news.ycombinator.com/item?id=47589061 - March 2026