A theory of (almost) everything for financial markets

Financial Times/ Robin Wigglesworth

“It is true that the indices that passive funds track have over time morphed from being supposedly neutral snapshots of markets into something that actually exerts power over them, thanks to the growth of passive investing.”

USAGOLD note: Question – How do you hedge the passive investment portfolio?  Answer – With a passive investment in physical gold coins and bullion.

Repost from 12-30-2020