Passive Bubble?

Talking Real Money - Investing Talk

Don McDonald

Education, Investing, Business, How To

4.5 • 811 Ratings

🗓️ 4 September 2025

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Don and Tom dismantle the “passive bubble” trope, walk through Morningstar’s active/passive scorecard (great one-year anecdotes vs brutal long-run stats), and recap the steady shift of investor dollars toward indexing. A caller tries to drag the show into politics via data independence (BLS/Fed), prompting a level-headed reminder that markets price reality over rhetoric. The TSP’s revamped I Fund gets kudos for finally adding emerging markets (with a nudge to pair it with value tilts outside ...

Transcript

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0:00.0	Reality Radio for a really great future.
0:08.0	We're talking real money.
0:10.2	Right up front.
0:11.1	Before we do anything else, let me just share this phone number with you so we can get it out of the way and you can pick up the phone and you can call us and ask us some questions on Labor Day weekend.
0:21.6	855-935-935 Talk. That's it. 855-935-8255-85. It's so easy. Call us. We'll try to help you manage money better than you're doing right now.
0:33.3	Or maybe we're just going to tell you you're doing it perfectly and you never need to listen again.
0:37.9	That happens a lot, yeah.
0:39.5	Unlikely, but it could happen.
0:41.8	8559358255.
0:44.4	I'm Don McDonald along with Tom Cock, an old man in an old hat.
0:49.9	That is an old old hat.
0:52.9	That is the Don McDonald's show hat.
0:55.8	And that was dated.
0:58.3	When?
0:59.0	That was dated probably 93, I'm thinking.
1:05.2	Okay.
1:05.8	Yeah.
1:06.4	So we were pals then.
1:07.9	But the thing is, my holiday involves cleaning out the garage, as I mentioned recently. And part of that was going through boxes from the previous house, which had been in there since a year ago. And I open the box up, I'm like, hey, I love that hat. So there it is. It's out. And I'm using it now. We wish you a merry Labor Day and a nice clean garage.
1:28.7	Exactly.
1:29.5	Because you'll need it soon.
1:30.7	Yeah, I need to do lots of that stuff.
	...

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