Passive Investing Is a Massive Part of the Business

"This has been a financialized you know economy for decades i mean everything is really tied to to the financial system so it starts and ends with the banks we can pretend it doesn't but it's the root of everything good and bad" "I think this is a real wake up call for active money management  i think it's a wakeup call for bottom up fundamental analysis and they'll always be things to buy" 'In a perfect world yeah we pay our utilities the public companies there they pay a dividend out they have an ROE which they're requiredthey're supposed to pay do you know provide a service'