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Dave Nadig on Exchange-Traded Funds

Masters in Business

00:00

What Does That Have to Do With Finance?

The world is infinitely complex. It's not black and white. There are bumper stickers on it. And to get really neurophilosophical about it, as human beings, we walk around looking for affordances. What that word means is we look for the handle on the cup. We get the affordance that allows us to work in the environment that we're in. Our model of the universe doesn't have to be perfect. It just needs to be good enough to get us through the day. In finance, we approach that constantly, the markets. Do you understand at a really detailed level exactly how payment for order flow impacts capital requirements at the DTCC? No, you don't

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