Warnings that index funds have broken the stock market all imply a threshold: a share of the market at which price discovery fails. Nobody making the argument names it. Owen Lamont, writing in the Financial Analysts Journal, argues that no such number exists short of complete passive ownership, and that what actually determines whether prices stay informative is who is left doing the trading. His case, the strongest peer-reviewed research against it, and what the performance
UK councils are under severe financial strain, with services like libraries and social care facing cutbacks. At the same time, hidden costs such as council pension fund fees are draining millions from local budgets. This article explores how austerity, rising demand, and opaque investment charges are combining to push local authorities to the brink, leaving residents to bear the impact of shrinking public services.
Robin Powell
Sep 2, 20259 min read
SUBSCRIBE
Simply provide your email address to receive our regular update.
