Corey Begs The Question S04:E02
Pirates of Finance
00:00
Warren Buffett Says You Shouldn't Index
Clifford: I was thinking about it a few days ago in the sense that everybody loves Warren Buffett and then they go, Warren Buffett says you should index, therefore you should index. And my question is always like, what does Warren Buffett do? Does he index? No. So do you listen? What kind of vice do you listen to? You listen to what people say, not what they do, but what it was interesting. The default hypothesis for me is like the markets in an equilibrium state. Do I think most people have the capacity to go beyond that? I don't actually.
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