“I make a living off the dumb money,” says Emil van Essen, “These index funds get eaten alive by people like me”
Just so you know, Joe and Suzy Sixpack with your 401ks and other investments... You are the tool with the dumb money. And, yes. The game is rigged in the favor of the house again.
From Bloomberg News we get the tale of contango, commodities futures trading and the savvy using your gullibility to fleece you with their latest "financial innovation":