3min chapter

What Goes Up cover image

Arnott on Bubbles and Valuation Gaps

What Goes Up

CHAPTER

Why Didn't Some Index Funds Buy Tesla?

Tesla was roughly flat from its being added to the index, but the market was up about 20%. So itwas behind the market. A i v, a reat specializing in apartments, was a up 60 % when we last spoke. That's a solid foun foundation for the rebound in price. It's still gone up more than tesla has. And like it said, bubbles can go further than anyone could possibly imagine.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode