Hello and welcome to the trillions episode of Slate Money, your guide to the business and finance news of the week.

I'm Felix Salmon of Axios.

I'm here with Emily Peck of Fundrise.

Hello, hi.

I'm here with Tacey Marie Ishmael of Bloomberg.

Hi, hello.

And we have a special guest beaming in from somewhere on the North Sea.

Mr. Robin Wigglesworth. Welcome.

Hello, everybody.

Robin, who are you? Where are you?

And what book are you plugging?

Yes. So my name is Robin Wigglesworth.

I'm a global finance correspondent at the Financial Times. And despite the pretty Harry Potter's

last name, I am not plugging a fantasy novel, but a book on the history of passive investing

and how it's reshaping markets, investing, finance and the world, really. We really loved having you on, when was it, a couple years ago, we sang Cod songs together.

You are one of our favorite guests, so we're going to definitely talk to you about your book.

We are going to talk about Masterworks, which is this company, which is selling fractional ownership of paintings.

We are also going to talk about Tether, which is a $69 billion cryptocurrency that claims to be backed by real world assets that aren't crypto, but who knows, all of that.

And a spectacular slate plus segment on snacking.

Coming up on slate money.

So, Robin, your book is called trillions. This is, I'm assuming, because there are trillions of

dollars invested passively. There was this massive, passive revolution. Is that why you call it trillions?

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