A new look at active vs passive (Michael Green)

Описание к видео A new look at active vs passive (Michael Green)

As passive strategies continue to gain market share, Thiel Macro’s Michael Green has been considering the implications. In a thought-provoking presentation, Michael builds an interesting thesis, connecting abnormal short-term market behavior with longer term cyclical demographics. He makes a compelling case that passive strategies are distorting the market’s ability to discount new flows, affecting valuations, correlations, volatility, plus those strategies seeking opportunity in mispricings (i.e. hedge funds).

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