

Mike Green on Why Passive Investing Is Hurting Market Structure
21 snips Aug 15, 2024
Mike Greene, a seasoned portfolio manager and chief strategist at Simplify Asset Management, dives deep into the pitfalls of passive investing. He discusses how passive strategies can distort market structures and raise risks for investors. Greene also critiques the dominance of major firms like Vanguard, highlighting their influence on market behavior. The conversation touches on the implications of retirement accounts and the ongoing shifts shaping investment dynamics. Ultimately, he challenges listeners to reconsider conventional wisdom surrounding active versus passive investment approaches.
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ValueAd Software
- Mike Green co-founded ValueAd Software, initially targeting corporate strategic planning departments.
- This led him to asset management after Mitch Julis of Canyon Partners discovered their valuation software.
Ice Farm Capital
- Mike Green's Ice Farm Capital was seeded by Soros Fund Management after he declined a job offer.
- The name "Ice Farm" originated from a 19th-century ice harvesting property he owned.
Volmageddon Trade
- Mike Green predicted the "Volmageddon" event of 2018 by identifying structural problems with XIV.
- The trade, made on behalf of Thiel Macro, yielded a substantial profit due to the inverse VIX product's vulnerability.