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A paper written by the fed in 2018 and updated last year highlighted the shift from active to passive investing on Wall Street. The paper pointed to a number of factors including: • The development of the efficient markets hypothesis in the 1950s and 1960s • The introduction of the first stock index funds in the 1970s • The growing popularity of ETFs and low-cost, passive products to individual investors, But Wall Street legend Peter Lynch says stay the course with active investing and money man
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