In Search of Yield: Active Versus Passive Investing

The video discusses the debate between passive and active asset management, highlighting critiques of passive strategies and their comparison to Marxism. It explores the theoretical growth of passive investments, the role of ETFs in active portfolios, and liquidity concerns. The discussion includes the impact of technological progress on market access and the implications of the fiduciary standard on the asset management industry. The video emphasizes the need for efficient investment vehicles and the potential for growth in both passive and active management.

How is the fiduciary standard expected to change the landscape of financial advice?

What are the potential implications of lower revenues for the asset management industry as mentioned in the text?

In what ways might the shift towards low-cost passive strategies affect active management?