RockCreek's Beschloss Says Passive Investing May Be Going Out of Style

The video discusses the challenges of achieving a 5% return with traditional 60/40 portfolios due to low yields and the need for new investment strategies. It explores shifts towards higher credit risk, longer holding periods, and a mix of active and passive investing. The economic implications of low yields are examined, highlighting potential risks and the need for more savings. Emerging markets and new talent are considered as alternative investment opportunities, with a focus on the complexities of investing in China.

What are the implications of a shift towards passive investing in the current market?

How does the performance of the top five S&P 500 companies compare to the rest of the index?

What factors contribute to the changing dynamics of risk premiums in the investment landscape?