The 'Dumb Money' Narrative is Dead: Why the Fund Manager is an Endangered Species

By Prashant Rao, CEO of retailtrader.ai

For decades, Wall Street has peddled a convenient lie: that investing is too complex for the average person, that market mechanics are a dark art, and that you—the retail investor—need a “professional” to shepherd your wealth.

We founded retailtrader.ai on a single, controversial premise: The traditional fund manager is an outdated concept.

We couldn’t help but notice the headline on CNBC tonight. It wasn’t just a news story; it was a vindication. The reporting confirmed what we have known all along—that the tide has turned.