TTU118: TRILLIONS...The Passive Revolution ft. Robin Wigglesworth
Top Traders Unplugged
Niels Kaastrup-Larsen
4.8 • 712 Ratings
🗓️ 21 December 2021
⏱️ 98 minutes
🧾️ Download transcript
Summary
Passive & quantitative investing has grown exponentially over the years and is now responsible for trillions of dollars of investors’ capital. How has this affected the world of active money-management, and what does the rise of passive investing mean for the investment world overall? Well, it turns out that renown Financial Times Global Finance correspondent, Robin Wigglesworth, has a great new book out about passive investing called ‘Trillions’, and I couldn’t resist the temptation to invite him on to the show to talk about the book, and other subjects related to investing and trading. Enjoy this conversation as we cover how the financial crisis of 2008 affected investors' relationship to the markets, the innovators behind the rise of passive investing, Tesla’s entry into the S&P 500, and Robin’s thoughts on Trend Following strategies.
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50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE
In This Episode, You’ll Learn:
- How journalism and financial media has changed in the last 15 years
- Why the rise of passive investing plays such an important part of the history of finance
- The big players behind the rise of passive investing
- The first index fund
- The rise of BlackRock
- The merits of passive and active investing
- How investors might react to a prolonged bear market
- The benefits of quantitative investing strategies
- Why systematic investing is often criticised so heavily
- Some of Robins’ thoughts on Trend Following
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PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:
1. eBooks that cover key topics that you need to know about
In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here
2. Daily Trend Barometer and Market Score
One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here
3. Other Resources that can help you
And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here
Transcript
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| 0:00.0 | The problem is that markets as Soros mentioned many times have these embedded feedback loops. |
| 0:13.0 | There's reflexivity embedded in everything. |
| 0:16.0 | So it might not be true that index funds pushed Tesla's stock up. But if enough investors believe, and let's face it, |
| 0:24.1 | Tesla has a lot of retail investors that will grasp onto any reason to buy the stock, then it becomes |
| 0:30.1 | true. So it's unambiguously true that when Tesla made it into the SP 500, that was one of the |
| 0:35.2 | biggest rebalancing trading periods in the SP 500's history |
| 0:39.8 | because it had never had an index inclusion of a company that big in market cap. |
| 0:44.0 | But broadly speaking, the secret, the dirty secret, not even dirty really, but it was fine. |
| 0:50.1 | It worked fine. |
| 0:52.5 | Imagine spending an hour with the world's greatest traders. |
| 0:56.2 | Imagine learning from their experiences, their successes, and their failures. |
| 1:00.7 | Imagine no more. |
| 1:02.6 | Welcome to Top Traders Unplugged, the place where you can learn from the best hedge fund managers in the world |
| 1:08.5 | so you can take your manager, due diligence, or investment |
| 1:11.4 | career to the next level. Before we begin today's conversation, remember to keep two things in |
| 1:16.7 | mind. All the discussion we'll have about investment performance is about the past, and past |
| 1:21.5 | performance does not guarantee or even infer anything about future performance. Also understand that |
| 1:27.0 | there's a significant risk of |
| 1:28.3 | financial loss with all investment strategies, and you need to request and understand the specific |
| 1:33.3 | risks from the investment manager about their product before you make investment decisions. |
| 1:38.2 | Here's your host, veteran hedge fund manager, Nealz Kostrup Larson. |
| 1:52.2 | Hey everyone and welcome to another edition of Top Traders Unplugged, where today I'm joined by Robin Wigglesworth, who is the Global Finance Correspondent at the Financial Times and the |
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