index funds

also referred to as: index fund

22 statements across 17 episodes · 14 bullish · 2 bearish · 15 people on the record · first statement May 9, 2017 by Josh Brown · across every show →

Everything said about index funds, oldest first

May 9, 2017 positive
Assertion Supported
Jim Cramer advises putting initial market investments into index funds
“Jim Cramer's last book, the first, this is a change in religion for him. The first thing he says is the first money you accumulate in the market should be in an index fund.”
Josh Brown May 9, 2017 ▶ 54:24 Josh Brown – When Witchcraft Failed (Capital Allocators, EP.06)
May 22, 2017 positive
Opinion
Ellis: Most endowment committees should implement portfolios using index funds
“And then, of course, I would say, and probably most of us should implement using index funds.”
Charlie Ellis May 22, 2017 ▶ 58:20 Charley Ellis – Multiple Ways to Win (Capital Allocators, EP.08)
Sep 18, 2017 bullish
Opinion
Malpass rejects the narrative that index fund inflows structurally overvalue stocks
“Well, I don't believe that because there's been a lot of flows in the past that all these stocks are overvalued. They're structurally overvalued and people are gonna lose money because they're buying at a high. I don't believe in that general narrative, to be …”
Scott Malpass Sep 18, 2017 ▶ 29:19 Scott Malpass – The Fighting Irish's Twelfth Man (Capital Allocators, EP.25)
Oct 23, 2017 bearish
Opinion
Monk: Cap-weighted index fund diversification is fundamentally flawed
“And by the way, global diversification through index funds is a fake diversification. Index funds and ETFs are often calculated on a cap-weighted basis, which is a fundamentally flawed way to calculate indices.”
Ashby Monk Oct 23, 2017 ▶ 33:51 Ashby Monk – Asset Giant Futurist (Capital Allocators, EP.29)
Nov 27, 2017 neutral
Insight
Johnson: Index funds are price takers whose bear-market impact remains unknown
“Index funds by definition are price takers. And what we don't fully know is what happens if We ever have a bear market and index funds have to sell.”
Paul Johnson Nov 27, 2017 ▶ 18:43 Paul Johnson and Paul Sonkin – The Perfect Investment (Capital Allocators, EP.32)
Feb 19, 2018 neutral
Disclosure
Hamed: CoVenture launched a top-15 crypto index fund with no carry
“The way it started is an index fund. It's a basket of the top 15 crypto assets, weighted by their market cap, and rebalanced every two weeks with a flat fee, and we don't charge a carry.”
Ali Hamed Feb 19, 2018 ▶ 33:24 Ali Hamed - Novel Asset Investing (Capital Allocators, EP.40)
Jul 30, 2018 bullish
Insight
Choosing index funds guarantees top-quartile performance over the long run
“If you would like to be sure that you're a top quartile manager chooser, all you have to do is choose index funds, and the chances are you'll be the top half of the top quartile. We're sure to be in the top quartile. Long run.”
Charlie Ellis Jul 30, 2018 ▶ 25:28 Charley Ellis - Indexing and Its Alternatives (EP.62)
Jul 30, 2018 positive
Disclosure
Ellis holds only two investments: index funds and Berkshire Hathaway stock
“What do you do with your own investing? Oh, I've got two kinds of investment. One is index funds, which I'm so happy with, just really comfortable with. And the second is an index fund equivalent in many ways, Berkshire Hathaway.”
Charlie Ellis Jul 30, 2018 ▶ 49:14 Charley Ellis - Indexing and Its Alternatives (EP.62)
Jul 30, 2018 neutral
Insight
Index funds represent a small fraction of daily market trading activity
“First, if you have 30% of the value of the market indexed, That's not 30% of the trading activity. It's a much smaller fraction.”
Charlie Ellis Jul 30, 2018 ▶ 1:01:52 Charley Ellis - Indexing and Its Alternatives (EP.62)
Apr 29, 2019 neutral
Insight
Levine: Investments should be divided into sensible and ridiculous things
“I think that you should divide the investing universe into like sensible things and ridiculous things. And like, you can do ridiculous things and like ridiculous things, like most things, sensible things, like index funds, right? You want to do like hedge fund…”
Matt Levine Apr 29, 2019 ▶ 39:31 Matt Levine – Money Stuff (Capital Allocators, EP.97)
Aug 19, 2019 negative
Insight
Druley: Active management in aggregate delivers net negative returns after fees
“In aggregate of all the people going through the effort, is it worth it? No. Because we know that after fees, in aggregate, it's gonna be a negative return relative to the index, if you will.”
David Druley Aug 19, 2019 ▶ 43:40 David Druley – Structure into Action at Cambridge Associates (Capital Allocators, EP. 106)
Jan 27, 2020 positive
Insight
Seides: Active management is more effective in concentrated emerging market indices
“I think that the US market for index funds is actually quite different from most other markets around the world in that, say the S&P 500 is very diverse with a lot of global leading companies. If you were to look in, say, emerging markets, there are a lot of c…”
Ted Seides Jan 27, 2020 ▶ 30:35 Ted Seides – A Rational Reminder (Capital Allocators, EP.121)
Jan 27, 2020 neutral
Opinion
Seides: US capital remains in active strategies largely from tradition
“My hunch is that there's still a very large universe of dollars that should be a natural audience for index funds in the US, but are still in some more active strategy, mostly Owing to that history and tradition, and less the conscious decision that a low cost…”
Ted Seides Jan 27, 2020 ▶ 29:32 Ted Seides – A Rational Reminder (Capital Allocators, EP.121)
Jan 27, 2020 positive
Opinion
Ted Seides: Index funds are a terrific tool for most investors
“I have always thought that index funds are a terrific tool for most investors. And I say most because most investors do not know why they might be beating the market. And you have this wonderful opportunity to just join the market. And pay next to nothing for …”
Ted Seides Jan 27, 2020 ▶ 24:02 Ted Seides – A Rational Reminder (Capital Allocators, EP.121)
May 11, 2020 positive
Disclosure
Siegel buys index funds and holds them indefinitely in personal portfolio
“What I do is I buy index funds and then forget about them.”
Larry Siegel May 11, 2020 ▶ 11:16 Laurence Siegel – Current Myths and Long-Term Optimism (Capital Allocators, EP.137)
Jan 18, 2021 positive
Insight
Committees lacking patience for cyclical underperformance should stick to index funds
“If the committee is going to hire and fire our active managers, if there's not going to be patience and the understanding of alpha cyclicality, they're better off in an index fund.”
Fran Kinniry Jan 18, 2021 ▶ 58:46 Fran Kinniry – The Comfort of Paradox at Vanguard Group (Capital Allocators, EP.173)
Jun 20, 2022 neutral
Insight
Forman: Crypto index demand is low because investors seek 100x upside
“There hasn't been as much demand for people that want to buy index funds in crypto. People want to pick tokens and catch the next a hundred X.”
Ben Forman Jun 20, 2022 ▶ 45:54 Ben Forman – Opportunities in DeFi (EP.256, Crypto for Institutions 2, EP.03)
Jul 17, 2023 bullish
Insight
Klarman: Non-index stocks offer superior long-term value over index members
“Stocks kicked out of an index, in the short run, it underperforms. There's a lot of people that have to sell it, nobody that has to buy it. But I would argue that over a longer period of time, it's those stocks that don't make it into the index that are actual…”
Seth Klarman Jul 17, 2023 ▶ 42:47 Seth Klarman – Timeless Value Investing (EP.328)
Jan 1, 2024 bullish
Prediction Not checkable as stated
Housel: 50 Years of Indexing Beats 98% of Investors Net of Fees
“And I also know that if I can be an index fund investor for 50 years, I will probably end up in the top two percent of all investors who are doing this, particularly after fees, after taxes, transaction costs, top two percent.”
Morgan Housel Jan 1, 2024 ▶ 29:47 Morgan Housel – Same as Ever (EP.359)
Oct 20, 2025 positive
Disclosure
Morgan Housel Dollar-Cost Averages His Personal Portfolio Into Index Funds
“I dollar cost average index funds.”
Morgan Housel Oct 20, 2025 ▶ 10:01 Morgan Housel – The Art of Spending Money (EP.466)
Apr 20, 2026 positive
Disclosure
Comegys: Vanguard index funds deviate from benchmarks to harvest excess returns
“At times we will do small deviations from the index where we see that we can recover value for our shareholders. Maybe there's a corporate action. Maybe you could take cash or shares. We're going to take the one that has the greater value. Maybe the index trea…”
Rodney Comegys Apr 20, 2026 ▶ 19:36 Rodney Comegys – The Mechanics of Indexing at Vanguard (EP.498)
Apr 20, 2026 positive
Insight
Comegys: Best Practice Is Adding IPOs to Index Funds on Day 3 to 5
“The minute a company comes public, it belongs in an index fund. We've had that belief for a long time. You might need a few days for it to get trading and figure out price discovery. Our best indexes add those securities in day three or day five.”
Rodney Comegys Apr 20, 2026 ▶ 35:16 Rodney Comegys – The Mechanics of Indexing at Vanguard (EP.498)
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