Utopian endgame of the passive investment trend: Prices will be driven by patient activist investors and a few expert stock-pickers.
-
-
Replying to @pmarca
@pmarca@michelteivel@trengriffin@noahpinion there must be a gigantic pricing value to being in the s&p 500. Like winning a tournament1 reply 0 retweets 1 like -
Replying to @DanielleFong
@DanielleFong@pmarca@michelteivel@trengriffin@Noahpinion this is correct and dangerous. People are mistaken about "passive" as a panacea1 reply 0 retweets 0 likes -
Replying to @davealevine
@davealevine index as a bubble? :-)@DanielleFong@pmarca@trengriffin@Noahpinion2 replies 0 retweets 2 likes -
Replying to @michelteivel
@michelteivel@DanielleFong@pmarca@trengriffin@Noahpinion This could be the case. The myth of "safe" equity investing is scary.3 replies 0 retweets 0 likes -
Replying to @davealevine
@michelteivel@DanielleFong@pmarca@trengriffin@Noahpinion research shows that index inclusion has a big impact. https://www.imf.org/external/pubs/ft/wp/2011/wp1147.pdf …1 reply 0 retweets 1 like -
Replying to @davealevine
@davealevine Yes, so no efficiency here: you simply cannot beat the index b/c it’s a bubble.@DanielleFong@pmarca@trengriffin@Noahpinion2 replies 0 retweets 1 like -
Replying to @michelteivel
@michelteivel@DanielleFong@pmarca@trengriffin@Noahpinion you *can* beat "the index". It is just extremely difficult.2 replies 0 retweets 0 likes
@davealevine @michelteivel @pmarca @trengriffin @noahpinion index strategy + index effect ;-) all sorts of systemic biases
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.