We Study Billionaires - The Investor’s Podcast Network TIP318: The Passive Investing Impact w/ Mike Green (Business Podcast)
Oct 11, 2020
Mike Green, a seasoned investor and chief strategist at Logica Funds, shares his profound insights on passive investing and its risks in the current market. He discusses the troubling traits of passive investments, likening them to Ponzi schemes when funding halts. Green argues that we live in a time of certainty, challenging Ray Dalio's cycle predictions and critiquing Paul Volcker's tenure as Fed Chair. He emphasizes the importance of insider trading knowledge and adapts investment strategies drawn from experiences with icons like Peter Thiel.
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Early Love of Reading
- Mike Green developed a love of learning at a young age, fostered by his mother's sacrifices and a home filled with books.
- He read voraciously, even tackling the entire World Book Encyclopedia at age 10, shaping his critical thinking skills.
Developing Critical Thinking
- Exposure to diverse perspectives and a challenging upbringing honed Mike Green's critical thinking.
- Growing up with parents of different religions and a father who was a "pathological liar" taught him to question everything.
Fed Feedback Loop
- The Fed's reliance on market expectations creates a feedback loop.
- Markets expect bailouts, hindering their function as an effective information channel.
