Richard Lawrence on active investing

We're just going to keep doing what we're doing.  There's no real reason for us to change.  My dad was a stockpicker, John Bush [my mentor] was a stockpicker, I'm a stockpicker, my younger colleagues are stockpickers.  In 20 years, the world is going to need stockpickers.  The financial market, Wall Street, might want to turn us all into obsolete things with AI and ETFs and whatnot, but I can tell you it's not going to happen.

~ Richard Lawrence, "Betting Big on China & Lessons from Bear Markets," We Study Billionaires, 1:11:20 mark, September 19, 2024