How Will Indexing Affect Securities Markets?

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Good stores of value are relatively scarce compared to growing global wealth, and that money flows to each of those that has nowhere else to go. It's a sign of our paucity of insurance markets and other ways of protecting wealth,. And in some ways, it's a pessimistic sign. So the price can be permanently high, and we should be worried about our own inability to deal with risk."

Is Matt Levine a modern-day Horace? Like Matt, Horace has a preoccupation with wealth and the law. There’s a playful humor as he segues from topic to topic. An ability to read Latin. And many of Horace’s letters are about the length of a Bloomberg View column. QED, says Tyler.

So Matt, the Latin teacher turned lawyer turned investment banker turned finance writer, recently joined Tyler for a conversation on Horace and more, including cryptocurrencies, Buffy the Vampire Slayer, Nabakov, New York, Uber, financial regulation, market volatility, M&A, whether finance is nerdy, and why panic is central to the Matt Levine production function.

Read a full transcript enhanced with helpful links.

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