Description: In the parlance of Wall Street, there’s the “smart money” and the “dumb money.” The dumb money falls for investing fads, sells into market panics and pays ridiculous fees. The smart money doesn’t.

Source: Bloomberg.com

Date: Sep 17, 2014

Link: http://www.bloomberg.com/news/2014-09-17/the-dumb-money-is-getting-smarter-every-day-.html

Questions for Discussions:

• Summarize the changes taking place in investing, according to the article?
• Why do think this is happening and what does it mean for the industry?