Charles D. Ellis Interview (Replay):Masters in Business (Audio)
Masters in Business
00:00
Are We Getting Rid of the Capital Allocation Function?
Charlie Ellis: The proliferation of index funds would lead to massively inefficient markets. A stocks price would become more a function of monies flowing into index funds than reflection or its investment merits, he says. "If you had everybody indexing, wouldn't that mean that we've got a real problem? Yes, of course it would"
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