Mike Green Shatters The Myth About Passive Investing - Down the Middle with DiMartino Booth
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- čas přidán 7. 09. 2024
- Mike Green Shatters The Myth About Passive Investing - Down the Middle with Danielle DiMartino Booth
Economist Danielle DiMartino Booth sits down with Mike Green. Get in touch with Danielle on Twitter: bit.ly/36nGzLn
About the guest: Michael has been a student of markets and market structure, for nearly 30 years. His proprietary research into the shift from actively managed portfolios and investment funds to systematic passive investment strategies has been presented to the Federal Reserve, the BIS, the IMF and numerous other industry groups and associations. In addition to his work as a market theorist and portfolio manager, Michael has been noted for his work as a public speaker and financial media participant. He is a graduate of the Wharton School at the University of Pennsylvania and a CFA holder.
About the host: Danielle DiMartino Booth is a Founder & CEO of Quill Intelligence, DiMartino Booth set out to launch a Research Revolution, redefining how markets intelligence is conceived and delivered. To build QI, she brought together a core team of investing veterans to analyze the trends and provide critical analysis on what is driving the markets - both in the United States and globally. A global thought leader on monetary policy, economics and finance, DiMartino Booth founded Quill Intelligence in 2018. She is the author of FED UP: An Insider’s Take on Why the Federal Reserve is Bad for America (Portfolio, Feb 2017), has a column on Bloomberg View, is a business speaker, and a commentator frequently featured on CNBC, Bloomberg, Fox News, Fox Business News, BNN Bloomberg, Yahoo Finance and other major media outlets.
Contact Danielle: Twitter: bit.ly/36nGzLn
Music selection used through agreement with Epidemic Sound bit.ly/2B8DxK1
To reach the Valuetainment team you can email: info@valuetainment.com
Massively underrated content! This deserves way more views. Sadly the people who need it most, don't search for such stuff.
The most boring yet interesting man I've ever listened to for an hour +
👍🏽💪🏽📈
Looking forward to this, Mike thinks deeply and outside the box! Also I think a great next guest recommendation would be Emil Kalinowski & Jeff Snider!
I stumbled onto Mikes stuff about a year ago and have watched everything I could find out there since. This interview was great. I strongly suggest to those who found this interesting to watch his other videos that are available on CZcams because each time he explains it slightly different with different examples. He comes at it from different angles and it really does take a couple cracks at this before you understand the shear magnitude of the consequences of negative flows. Like a Ponzi scheme, they work when there is new money coming in, but when more money goes out then what comes in, the entire thing falls apart. People don't realize how much their retirement money is in jeopardy with todays market dynamics.
We are blessed that you want to share yourself with us, Mike..
I unfortunately have to pause this video to point out how crazy instructive this interview is. Great questions, even greater answers,, thank you for this.
Again, you and your team produce amazingly insightful and prescient shows that educate me more than I could ever experience outside of this channel.
What a great conversation. Both of you guys are some of my favorites. Please keep them coming.
Great conversation! The CARES Act allowed individuals to withdraw up to $100,000 from a 401k or IRA account without penalty. These regulatory events are something to watch out for.
geesh... I closely follow tax implication laws as I am an options investor/trader on the side and even this one in the Cares Act flew by me. Thanks for the info.
It wasn't just for anyone...a person had to experience "adverse financial consequences" as a result of COVID-19 in order to qualify.
@@gusmc01 so you mean everyone? Lol
Danielle, thank you !
For such brilliant content. And to you Mr Green for being so open / educational / informative
Excellent interview. I still very much enjoy listening to Mike explain the in-elastic aspects of passive investing.
WOW! Excellent interview and guest Danielle!
Great conversation and great interviewing by Danielle! Thanks
Great interview, as always! However, you need to fire your sound guy. This is at least the third interview where the guest's audio has been really bad.
Quality discussion. We can't get this kind of thing on mainstream TV here in England and I don't think you can find much content like this on mainstream TV over there in the U.S. either.
Killin it with the content Danielle!😄
gul, if u can just put the list of content u guys talked about at various point(eg, 00:00:10 intro), that ll be great
Wow! That was amazingly insightful and I will definitely be looking for more videos with Mike. Excellent work Danielle!!
excellent interview thank you
Mike's sound is quite a bit lower than Danielle's...makes it difficult to hear
Great interview and insight
When speaking of Job Openings consider the rationale in higher function markets. Some..companies post interviews and data mine the people interested and while they may have more than 2 interviews never get the job because they aren't there to hire in the 1st place. What the Company wants is free consultation and/or problem solving. Unfortunately this is ongoing.
You always make a nice video 😊 but I’m really tired of future predictions… it drives me crazy. I think crypto investment is better than stocks. Though I failed sometimes ago when I tried trading myself but Tisha Lauri helps me now
Money is an issue that everyone has for a better and luxurious life. Life was hard for me until I started making profits on my investment with the help of Tisha Lauri
Trading crypto now would be wise but trading without a professional is really bad I’m a living testimony of Mrs Tisha strategies on trading
Wow, amazing to see others who trade with Mrs Tisha Lauri, I'm currently on my 5th trade with her and my portfolio has grown tremendously
This is not the first time I am hearing of Mrs Tisha and her amazing trading skills but I have no idea how to get to her.
I never doubted trading with Mrs Tisha after seeing her POT (Proof of Trades) I have made good profit this year, I hope to make much more in future.
I could listen to this guy all day.
Super interesting interview... thanks for it.
Even if youve seen every MG interview ever, and know about the passive bomb, this is still worth watching. Perhaps just start at about 15:00 minute mark or so
Thanks to both of you.
thank you Mike thank you Danielle.......2 WOW practitioners
Brilliant, inspiring. I hear about the Coney Island schools, think about DeBlasio’s attacks on charter schools, and it is enraging. Sorry to go there but . . . Damn.
Appreciate the talk. Learned a lot.
Excellent Content.
When does WHAT stop? Passive investing? The market crashes?
Danielle, Mr Green said that in 1994 the index funds were only 1.5% of the equity market. Today, the OTC market is the similar percentage of the index then. I wonder if you would bring some one to talk about OTC stocks. I think there is tremendous opportunity in investing OTC stocks, since all businesses start small .
Brilliant, a lot to take in though even for us that are well versed
Terrific content. Thank you.
great interview!
My Fortune 500 transportation company's main processing center was 60% staffed until recently, now 80%. Still 20% understaffed with good starting pay. So the jobs ARE there, at least in this city.
Fantastic
I would love to hear Mike's thoughts on the emergence of passive ESG investment.
Great interview
I would love to see someone try to simulate (simply) the market dynamics of what he's actually proposing. 50x returns from 100% passive allocation seems very low on the surface.
Fascinating analysis.
However, understanding that as long as Monies continue to flow into the market, especially under the Passive type mutual fund umbrella, whereas forced rebalancing occurs to match the stated balance of say a 60/40 limit, and withdrawals under RMDs don’t overwhelm these inputs, all things being equal, the Market must continue to rise.
But, what has been left of the equation is Political Targeting based upon either ideology or corruption, which can come from profiteering on creating legislation that benefits politicians KNOWING what that legislation is ahead of the market or smashing industries, again, knowing the impending legislation - hence shorting certain industries. The most dangerous politician is of course the Ideologue who just might want to totally undermine Capitalism.
Add to that Political influence on markets, is the Psychological Fears (or Euphoria) Of so called “investors” often prompted by talking heads, and then either one, or both can overcome the actual Market profit/loss component.
So what I could gather from this discussion:
As long as the Inflows are more than the Outflows, the Market will continue to rise - until it doesn’t.
But no one is taking into consideration Political Manipulations.
I’m afraid the Last comment is the most likely, (but not fully stated): Universal Income where you own Nothing and you will be happy - or else.
Socialism .....here we come.
usa is already a planned economy - since 2008. QE is socialism for rich. Tax cuts for corporations is socialism. No other way to slice it.
Its a giant ponzi built on cheap chinese imports.
Port congestion, hi stonk prices, hi homelessness and idealogues like trump are all correlated.
Great insight and…it’s only…logical !
47:52 Green says "inflation is largely tied to supply chain disruptions" which is not the leading influence. Artificially low interest rates, government spending, stimulus spending, transfer payments to millions of people are the main culprits. Rent will become the major influence in the CPI which is not supply chain driven.
he was gunna give a best bet date Danielle!!!! Anyway fantastic, fantastic interview.
Audio is so poor . Check the sound with headphone before you start.
Mike levels, recording levels, something is making it hard to hear
Coney Island Prep sounds awesome. What a COMMUNITY school should be! Clearly can't happen under our normal teacher's unions regime which prioritizes the needs of teachers and school administrators over children, family & community, making them adversaries.
I bought some XIV PUTs (SVXY) few months before it imploded. made tons of money
need to improve sound quality
Was it the Witch of Wall Street who said"I may be Hetty but I'm not Green".
Passive investing to me looks like the spring flood of the Nile Delta in Egypt.
Michael McMahon,Navan,Ireland
Why aren't policy leaders listening to such people? He needs to speak to fifty one or fifty two US Senators today! All of the Republicans plus Manchin and Senima. OF course that would do little good, since they are all bought and sold. Manchin's move yesterday led to a forecast of a lower GDP for the next three quarters of the economy! This is accourding to Wall Street Bankers, not left wing media. First quarter will likely have one third less growth than previously forecast. And the return to childhood poverty levels of pre-pandemic or worse. How many orphans were created? Who will provide education for them? People like the group the speaker is talking about or Ghetto school districts? How long will we tolerate the US Government using student loans AS AN INCOME PRODUCER? While at the same time the student loan system keeps the GDP low and results in lower Income Tax Receipts. Why not lower the interest to Federal Funds Rate if you cannot forgive them. Of course forgiving them would eliminate all of the paperwork and book keeping costs for a tremendous amount of savings and a huge stimulus to the economy. Our system is broken and is making the country poorer. The top continues to plunder the assets and increase wealth (massive record profits even during the pandemic), but the overall economy (Main Street) is damaged by it on dozens of fronts. I am not talking Communism, I am talking tax incentives and proper burdens. We just passed a defense bill that is one year at over 700 BILLION which on a ten year scale like BBB would be well over seven trillion and nearly eight trillion in total. But a few scraps for the working class is too much??? Propaganda is a terrible thing in our nation.
This is best I have seen in awhile. My wife's 401k is limited to target date retirement funds. This is for a major company. How does she opt out of indexing and passive? The alternative is a bond fund. wtf
Other than diversifying outside the 401k what can she do?
Quit her job and roll it over
New record for interrupting ads.
Whats the air date for this, anyone know?
Must be a while ago. He looks young compared to recent video's.
December 20 is the date posted not sure when it was recorded. Based on the events discussed, sometimes in the 2nd half of 2021.
Thanks 👍👍😌👍👍
Green should have written to that guy when he went to jail and asked, "Who's dumb now?"
49:00 I sold my TP for 1 silver Eagle back then 🤣
The job opening point is asinine. We’ve had the internet for 20 years, it’s not a recent change. I can’t believe how stupid some of his points were.
Passive investing is great for the aristocracy. When the guns of government are on your side, the people work for your own capital instead of their own.
so basically leverage the s and p 500 on any dips
I am totally in active management, all funds I am invested in have massively outperformed the s and p 500 over 5 year periods
while regularly buying deep OTM puts
@@evokanivo lol 59.45
Sounds like some sweaty swing trades
@@chickenrees everyone feels smart while investing on a bull run.
How bad is the hurt going to be?
Every time I watch him I can't help but to wonder what his score on a psychopathy test is. The lack of facial expressions and blinking... He covers by constantly using hand jesters. I love his perspective. Just an observation
botox lift? :-)
*** gestures *** a jester is an entertainer or clown in a royal court for the amusement of the king and queen.
Green is the man
SO.... Mike.... Why aren't you in line for FINRA or SEC leadership roles? You'd be on my team if I were President. Obviously there is this "swamp" to contend with however.
30 minutes in I had a “Jesus Christ” moment.
Yup 39:00 in the magic one so buy more ALGO.
Wow, he’s flat out wrong about inflation. I wish Danielle pushed back on him.
Good dicussion; awful sound
Wow, look at those legs
NO hard ? to the guy miss Tx DD... your smarter DD than that guy