Interview With Charles D. Ellis: 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. He says a stocks price would become more a function of monies flowing into index funds than reflection or its investment merits. Ellis was formerly on the board of directors of Vanguard and on the Yale Endowment Fund.
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Transcript
