10 Thursday AM Reads

My morning train reads: • Fidelity’s Free Funds and the Changing Brokerage Business (Morningstar) • When to Pick a Mutual Fund Over Its ETF Version? (Wall Street Journal) see also What Is My Mutual Fund’s ‘Active Share’? (Wall Street Journal) • “Big Four” accountancy firms, mired in scandals, are so bad at auditing they’ve become a danger to capitalism (Financial…

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