Do You Think ETF Will Drive Individual Stock Pickers Out of the Market?

Tfs are about nine % of our total assets at namre, which is a long way from zeri. And that is mostly younger investors. They're petty conservative. There's this idea that young people with their money and make really poor decisions. But we see like the opposite. People love to pick a stock and get the next aftto pay and do really well. For a lot of investors, that's superenjoyable pastime. We have retiries, particularly self managed superfunds where they've taken all their professional ability and their time, and now they put it into their share portfolio. That's what they spend their time doing. It takes a long