4min chapter

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#1100 Eric Balchunas On The Greatest Investor You Never Heard Of

The Pomp Podcast

CHAPTER

The Fall and Rise of Active

Bogle changed how active and the whole financial industry is now going to deliver active. The bigger passive gets, the crazier active will have to be. I think ESG is an overrated overhype one that will eventually be very much smaller than people think. It's like a call option in the future: What if these crypto people are right? So that's a FOMO wedge.

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