Market Makers and Distortions
Michael discusses the role of market makers and the potential distortions caused by high frequency trading in different market environments. He also highlights the concerns and opportunities that may arise during drawdowns. Patrick explores the impact of stock inclusion in indexes and ETFs on price to book and price to earnings ratios, and the frustrations faced by active managers in finding rewarded opportunities.In this clip
From this podcast
Invest Like the Best
Michael Mauboussin - Man + Machine, Moats, and Power of the Outside View - [Invest Like the Best, EP.37]
Related Questions