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Are ETFs Killing Future Stock Market Returns?

Trillions

CHAPTER

Index Funds and Common Ownership

The research I did does not sing loud index funds at all. But what we mean by that is simply a measure of the extent to which, um, the largest and most influential investors of one firm also hold the competition. And empirically, uh, I'm sure the listeners of this podcast, um, have noticed that Warren Buffett was one of the largest or actually the largest shareholder of a whole bunch of airlines until the pandemic hit. That's clearly not an index funds, right? The second nuance is about whether the car makers or airlines or what not have an incentive to raise prices once they figure out their investors are really the same as the investors of the competition.

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