If you are at all interested in investing, this is a long but extremely good interview with Mike Green of Logica Advisors (formerly one of Peter Thiel's guys).
Mike sees things that others don't- namely that passive investing may have broken the efficient market hypothesis, which means the Black Scholls formula is out of whack, which means all market pricing from stocks to options and derivatives are now wrong.
He also walks through why the Euiler Coefficient that the Fed uses to enact their policies is the opposite of what they think it is (but none of them have the experience to understand that).
An enormous swath of the population may now be unknowingly in passive investing through behemoths like Vanguard & Blackrock, yet don't understand an extremely simple concept that Green outlines here that hardly anyone understands:
In passive investing, the price is ALWAYS right.
When a passive investor says buy, the fund buys at the current price, no matter what it is.
When a passive investor sells, the fund sells at the current price, no natger what it is.
Think about the larger picture.
What happens passive investors become 50-60% of the market, and are all invested in the relatively same funds?
What happens at a rug pull and all of those passive investors get scared & sell?
Or, as Mike points out happened in March '20, they simply pause on buying?
Things are bad, they are getting worse, and even many financial pros don't see why:
https://www.grant-williams.com/podcast/the-end-game-ep-3-mike-green/
Mike sees things that others don't- namely that passive investing may have broken the efficient market hypothesis, which means the Black Scholls formula is out of whack, which means all market pricing from stocks to options and derivatives are now wrong.
He also walks through why the Euiler Coefficient that the Fed uses to enact their policies is the opposite of what they think it is (but none of them have the experience to understand that).
An enormous swath of the population may now be unknowingly in passive investing through behemoths like Vanguard & Blackrock, yet don't understand an extremely simple concept that Green outlines here that hardly anyone understands:
In passive investing, the price is ALWAYS right.
When a passive investor says buy, the fund buys at the current price, no matter what it is.
When a passive investor sells, the fund sells at the current price, no natger what it is.
Think about the larger picture.
What happens passive investors become 50-60% of the market, and are all invested in the relatively same funds?
What happens at a rug pull and all of those passive investors get scared & sell?
Or, as Mike points out happened in March '20, they simply pause on buying?
Things are bad, they are getting worse, and even many financial pros don't see why:
https://www.grant-williams.com/podcast/the-end-game-ep-3-mike-green/
Grant Williams
The End Game Ep. 3 - Mike Green - Grant Williams
Bill and Grant welcome a towering intellect in the shape of Mike Green of Logica Advisors, to discuss the role passive investing may have to play in The End Game. What follows is a good old-fashioned schooling, as Mike outlines the genesis of his work on…
Great thread on the new trust economy being built outside of the mainstream:
https://twitter.com/Aristos_Revenge/status/1560663934255804416?t=oiYK8T--WQtMigfT4iYgZw&s=19
https://twitter.com/Aristos_Revenge/status/1560663934255804416?t=oiYK8T--WQtMigfT4iYgZw&s=19
Watching Selection Code now.
Didn't realize that Mesa County clerk Tina Peters is a Gold Star mom of a deceased Seal Team 6 member.
That's gives me a hard on to go after each of the dirtbags who mercilessly attacked her for asking questions.
Didn't realize that Mesa County clerk Tina Peters is a Gold Star mom of a deceased Seal Team 6 member.
That's gives me a hard on to go after each of the dirtbags who mercilessly attacked her for asking questions.
Forwarded from The Library (Harold Finch)
#NeverPence Never Judas Pence. We will never elect him to any office ever again.
Forwarded from The Library (Harold Finch)
Speaking of the Senate, its time for the good people of West Virginia to fire Joe Manchin for stabbing them, and America, in the back. West Virginians, make sure this is the LAST time Manchin ever does this to us.