The real challenge is calculating the initial conditions, icatic mathematics, right? And so when you have a situation where somebody has a thousand dollars and no prospect of ever making another dollar, their behaviors are going to be very different. So i tend to think that the biggest problem we have is actually the reinforcement characteristics that we've created from a regulatory framework.
In this episode of Infinite Loops we spoke with Michael Green, Partner & Chief Strategist at Logica Capital Advisers. In a wide-ranging discussion that could have lasted the rest of the day, we covered:
- The passive narrative, and its impact on market structure.
- Vanguard and Blackrock’s lobbying efforts.
- Target Date Funds and their increasing dominance.
- COVID-19 and the government’s response.
- The power of language.
- Michael’s recent paper: Policy in a World of Pandemics, Social Media, and Passive Investing (linked below)
And much more. You can find Michael’s paper here: https://www.logicafunds.com/policy-in-a-world-of-pandemics