Chart: Active Investment Managers Underperform
Question: Why are young adults remaining celibate?
1: Want to go green? That means you need copper, nickel, cobalt, lithium and rare earth metals. Most of these are produced and refined outside the United States. China is especially well positioned to benefit from the transition to green energy.
2: A rising number of people aged 18-30 have had zero sexual partners, men especially so. Do you have any potential explanations you could share with me?
3: For many, the pandemic highlighted the way many workers are treated. With renewed economic and market strength, people are confidently quitting their jobs. Many are seeking early retirement while others are looking for new positions with better pay and treatment.
4: Yet again, active investment managers are underperforming their index benchmarks. The bubble beside each country in the chart below shows the percent of active funds that underperformed their benchmarks on a 1yr, 3yr and 5yr basis ending June 30, 2021. For example, 96% of actively managed funds in Canada underperformed the S&P/TSX Composite over a 5yr period.
My god. Why does Canada do so poorly here? And the celibacy thing I've read about before. I think one of the major explanations is lack of socialization induced by social media platforms and internet technology. This is the same generation (mostly) that Haidt and Lukianoff discuss as having higher rates of mental health problems such as anxiety and depression. It's the "iGen" or internet generation (born after 1996) that didn't know a world before the internet and grew up relying on phones, tablets, and apps to interact with people. So the social anxiety likely paralyses many of them, as they fumble on how to talk to each other and ultimately how to form long-lasting sexual relationships.