The phrase "big incumbents" refers to large, established companies or organizations that have been in a certain industry or market for a long time. They have a strong presence, power, and influence in that particular field. Full definition
Arguments against passive investing include a) the notion that indexing is a «socialist» investing process which favors big incumbents over smaller, dynamic growth companies and subverts true price discovery in asset markets b) the much - touted «diversification» of index funds won't really save you when your index of choice falls 40 - 50 % in a rough bear market, as has happened twice in the last 16 years. (abnormalreturns.com)
Well, originally, «blockchain» was a way for big incumbent corporations to sound like they're being disruptive without having to use a disruptive sounding name like «cryptocurrency» or «decentralized ledger». (investinblockchain.com)
Coincidentally, a J.D. Power report also issued on Thursday reveals that despite the supposedly hot competition that the big incumbent wireless carriers say exists, the average Canadians» bill has climbed by 13 % to $ 77, from $ 68 in 2012. (canadianbusiness.com)