AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
Michael Green - The Active Impact of Passive Investing (S5E1)
Flirting with Models
Is Passive Indexes Really Passive?
Lasse: Passive indices are not passive at all times. By definition, in bill sharp's 19 91 the arithmetic of active management, the definition of pasive, passive is somebody who never transacts. And it takes this company and turns it from completely irrelevant into functionally a market cap giant that is then a bigger and bigger portion of the indices. The minute the floes went in the opposite direct, the behaviour completely reversed. Suddenly stocks were going to limit down with no actual trading information whatever. That insight combined with a paper that came out in two thousand 16 by loss a peterson at a c r led me on my journey.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode