Category: Passive Investing
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“I don’t think it’s time to get out…
…It’s a matter of relative choices.” “No. 1, what’s going to happen? Nobody knows. His appointments are not firm, they have yet to be confirmed. his policies are not known. What is he going to do? Nobody really knows what he’s going to do? No. 2, What else will be going on in the world.…
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Mike Green on “Passive”
The causes, risks, and future related to passive investing and its influence on the markets. In summary Mike has quantified 1) the effects of regulatory and QDIA changes as well as 2) value managers being fired and passive managers being hired. https://www.simplify.us/leadership
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Never Say Never
Cliff Asness, founder of AQR Capital Management, discusses his views on market efficiency. Asness recalls his experience in Eugene Fama’s efficient market theory class, where he learned that markets are not perfectly efficient, causing a gasp among students. He explains that while markets are more efficient than he believes, perfect efficiency is an unrealistic concept.…