Now they do even less of anything than they did in 2009, seeing as how passive investing has been essentially proven to be the better strategy for 99.9% of people and the other 0.01% of actors represents large HFT firms that are not reliant on any one individual manager's insight and knowledge.
>seeing as how passive investing has been essentially proven to be the better strategy for 99.9% of people
You might want to look into that. It hasn't been proven at all unless you were thinking of investing in a fund of hedge funds, which nearly nobody does.
Now they do even less of anything than they did in 2009, seeing as how passive investing has been essentially proven to be the better strategy for 99.9% of people and the other 0.01% of actors represents large HFT firms that are not reliant on any one individual manager's insight and knowledge.