Good morning! This is Fly Charts, the daily charts-only newsletter from Gadfly; sign up here. From Tesla's credit binge to the case for active investing, here are four charts that tell you what you need to know in business today.
And don't miss Mark Gilbert on the greatest threat to capitalism the world has ever known: "Do low-cost index-tracking funds really threaten to turn us all into communists?
A year ago, Sanford C. Bernstein & Co. warned that 'passive investing is worse than Marxism.' Today, the most-read story on Bloomberg is about Paul Singer warning that 'passive investing is in danger of devouring capitalism.' The giant sucking sound in the fund management industry in recent years is the noise of money flowing to passive products. The rise of exchange-traded funds has been relentless, and shows no signs of slowing."
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