Too Long; Didn't Read
Warren Buffett’s annual Berkshire Hathaway letter to shareholders recently made clear that the old way of doing things is changing. The long term impact of these trends is yet to be seen, but we can confidently say that the disruption is just getting started. Younger demographics like millennials, who started working during the great recession, are now able to dip their toes into stock, bond, and ETF investing at their own pace. This market shift is also made possible because of powerful new technology, giant merger and acquisition deals (see Schwab & TD Ameritrade and Morgan Stanley & E-Trade), and relaxed corporate tax regulations.