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#1100 Eric Balchunas On The Greatest Investor You Never Heard Of

The Pomp Podcast

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How Much Active Do You Need to Set the Prices?

I'd be fine with my mom in a Vanguard index fund or I shares ETF. Low cost is here to stay. That genie is out of the bottle and that shift has sailed. But at what point do we need active there to set the prices so that we're not having like, I don't know, a Reddit crowd making some stock the biggest stock in the world just because I want to? So this is where the rise of Vanguard and passive is ultimately probably gonna end up in a regulatory issue at some point. And you've seen some of the runs we've had in the past, and it's not going away, it's resilient.

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