indexes

3 statements across 2 episodes · 1 bullish · 1 bearish · 2 people on the record · first statement Jul 23, 2018 by Manny Friedman · across every show →

Everything said about indexes, oldest first

Jul 23, 2018 bearish

Insight

Friedman: Machines and index funds become less effective as they grow

“I, when they're 20% of the market, it, you know, they're much more effective or the indexes than when they're 50. But by definition, the bigger they get, the more impossible it is.”

Manny Friedman Jul 23, 2018 ▶ 30:52 Manny Friedman – Non-Linear Financial Systems (Capital Allocators, EP.61)

Jul 23, 2018 bullish

Prediction Not checkable as stated

Friedman: Active managers will profit massively when indexation hits 95%

“I'm waiting for the day when the key is to have staying power to last, is when, you know, the machines or the indexes are 95% of the market. Then you'll make money hand over”

Manny Friedman Jul 23, 2018 ▶ 29:58 Manny Friedman – Non-Linear Financial Systems (Capital Allocators, EP.61)

May 13, 2019 neutral

Assertion Supported

Mauboussin: Non-fundamental demand shocks create excess returns in asset markets

“So there have been some really interesting papers about, like, who has the money, what do they want to buy, and what does that mean for these downward sloping demand curves, and there's good evidence that you create these sort of excess returns as a consequenc…”

Michael Mauboussin May 13, 2019 ▶ 40:42 Michael Mauboussin – Who's on the Other Side (Capital Allocators, EP.99)

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indexes

Everything said about indexes, oldest first

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