Unprecedented Is 2020 Word of the Year: Ritholtz

The podcast discusses the challenges of predicting market trends, the shift from traditional financial analysis to modern platforms like podcasts and blogs, and the debate between active management and index funds. It highlights the difficulty in identifying successful traders and concludes with a lighthearted moment about Baby Yoda.

According to the discussion, what is the challenge of active management in the current market?

How does the conversation conclude regarding the ability of average investors to outperform the index?

What is the significance of factor investing as mentioned in the text?