Humble Giants – Vanguard’s Gerry O’Reilly and Jim Rowley - [Invest Like the Best, EP.06]
Invest Like the Best with Patrick O'Shaughnessy
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Indexing Works Because of a Zero Sum Game Principle
Market efficiency is irrelevant for hy indexing works, right? If we believe in bill sharp's zero, some game principles, only half the dollars can do better than averageo no matter what. For every dollar that was a relatively winner trade, that same dollar is a relatively loser trade for somebody else. Erno and i would say, patrick, on the trading side, amin price discovery, i'm always amazed at just how quickly in to day's market, you know. And it's amazing to me, a name'll get halted, and for whatever reason, they open that up, it's up and running in size. It seems like it's not an issu to get
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