Paul, we know you're not stupid so please engage with the real argument, not a strawman.
The middle class is shrinking. Social mobility is decreasing. There's now a man who is worth a trillion dollars. Something is broken. Say something about that please.
I think he meant that "you" can manage (or not manage them at all) them inefficiently because the proxy pool well take care of that for you. It reads awkwardly.
The middle class is shrinking. Social mobility is decreasing. There's now a man who is worth a trillion dollars. Something is broken. Say something about that please.