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Explosive Insights into Passive Investing by Robin Wigglesworth

Lead-Lag Live

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The Effect of Passive Flows on Credit

I wonder if it creates a certain amount of individual thought company distortion, right? Most of these passive indices are cap weighted. I can maybe even make an argument that part of the reason why there's so many zombie companies still is because they're massively overvalued. When it comes to macro level, people radically overestimate how much these index funds trade. It's my belief. They do not have a big price impact.

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