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What Is the Impact of the Massive Growth of Passive Investing?
Sally Kohn: The x i v trade served as a bit of a catalist towards your overall passive thesis that i want to dive into now. She went back and read paul tudor jones letters to clients in 19 87, because she felt the two were very similar. So developing mathematical techniques that allowed her to track much further back in time. Was i beginning to see securities move together in a way that you would expect under pasive investing? And there was a very clear outgrowth from the lasse peterson stuffright? It's a hundred % propensity to buy or sell model. Began building agent base models which fit theoretical models with astonishing fidelity.