Indexing and Price Discovery
The discussion delves into the implications of indexing on market price discovery, highlighting that a significant portion of the market would need to shift away from active investing for price determination to be affected. Charley emphasizes the resilience of active managers, suggesting that a drastic reduction in their numbers—potentially 80-85%—would be necessary for indexing to truly impact market dynamics. The conversation reflects on the enduring allure of active investing despite its challenges.In this clip
From this podcast
Capital Allocators – Inside the Institutional Investment Industry
[REPLAY] Charley Ellis - Indexing and Its Alternatives (EP.62)
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