Meet the passive investing doomsayers
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 23 May 2024
⏱️ 8 minutes
🧾️ Download transcript
Summary
Writer Andrew Lipstein embarked on a quest to freak himself out about passive investments: Things like buying index funds, for instance all the companies in the S&P 500, setting it and forgetting it. Lipstein spent time with a professional investor who argues index funds play a dangerous role in the market that may not end well. We hear that story. But first, chipmaker Nvidia reports a seven-fold increase in profits.
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Transcript
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| 0:00.0 | My name is Lee Hawkins. I've been a journalist for over 25 years. On my new |
| 0:08.8 | podcast, What Happened in Alabama, I get answers to some of the hardest questions about how things |
| 0:15.4 | came to be for many black Americans and the truth that must come before any reconciliation can |
| 0:21.6 | happen. I investigate my family history, my upbringing in |
| 0:26.2 | Minnesota and my father's painful nightmares about growing up in Alabama. What happened |
| 0:32.1 | in Alabama is a new series confronting the cycles of trauma for myself, |
| 0:37.0 | my family, and for many black Americans. |
| 0:40.0 | Listen now. Is passive investing through index funds getting too popular even |
| 0:55.4 | dangerously popular? I'm David Brancaccio in New York. First, |
| 1:00.0 | NVIDIA makes powerful microprocessors used to run artificial intelligence the biggest |
| 1:05.1 | thing to hit business since the World Wide Web, right? |
| 1:08.3 | And the news is, Invidia is raking it in with the California-based firm reporting a seven-fold increase in profits. |
| 1:14.7 | NVIDIA specialized in chips for video game graphics, which turned out to have a useful architecture |
| 1:20.1 | for the massive data crunching AI requires. |
| 1:22.4 | Marketplace's |
| 1:23.2 | Novosafo is here with more. |
| 1:24.6 | And David, if you'd invested a thousand dollars in |
| 1:27.6 | invidious shares a year ago, your investment will be worth |
| 1:31.0 | three thousand dollars today. |
| 1:32.4 | That's just a difference of twelve months. The company has been. be worth $3,000 today. |
| 1:32.5 | That's just a difference of 12 months. |
| 1:34.1 | The company has been reporting eye-popping sales |
... |
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