Wall Street: Computerization And ETFs Are Changing The Game

Computerization is constantly changing the game in many industries. On Wall Street, the rate of change is even faster given the extraordinary sums at stake. Still, many people update their smartphones more often than their investment portfolios.

In recent decades, computerization has helped investors the most through index funds and exchange-traded funds (ETFs). Warren Buffett and David Swensen have both been recommending index funds for years, and Vanguard has surpassed Fidelity in assets under management. In fact, the world's largest asset managers are the leading ETF and index fund providers.