We have lots of passive ownership, and then we have a bunch of people doing the hard work. Hedge funds and short sellers are doing all the work that index funds aren't doing because they can't do it. So i think this is something which we're going to see more and more of as we progress. Yes, felix, just in time for summer travel craziness in airports around the world, you want to talk about jet blue and spirit and frontier airlines. Back in february, frontier, which is a low cost airline, decided to buy spiritsand the two companies agreed roughly, its valued at 20 dollars a share,. It will create the fifth largest airline in the united
In the latest episode, Felix and Mihir discuss the potential dark side of the rise of index investing and who should end up owning Spirit Airlines, JetBlue or Frontier.