Mundy's Moments: Value and me always

Choosing a good fund still requires personal touch

Recently, I sat on a panel that was asked whether we thought our jobs would ultimately be replaced by computers.

A fellow panellist explained how he believed the most likely outcome was a combination of the best parts of humans and machines.  Fortunately, the MC then moved onto the next question and my input was not required. I was planning an apparently glib, but genuine, response that centred on the fact that a computer cannot hold a client's hand when everything appears to be going wrong and the client is at risk of a rash dose of capitulation. As I considered the question a bit more, the answer became rather more complex. I assume the questioner was saying why not just buy an ETF rather t...