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In response to
"This is a fascinating thread on the implications of index funds for global policy making
-- (link)"
by
Reagen
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He mentions Matt Levine several times and he covers this all the time (when not on paternity leave).
Posted by
spamlet
Dec 2 '20, 05:03
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He’s a really good read and one of the few columnists I read daily.
His thought experiment on vaccines covered in this thread is good but there’s also a lot of evidence this doesn’t happen. Airlines are a good example.
Between Buffet (at the time) and indexing each airline was like 40% owned by the same group of people. And yet, they still competed fiercely where this theory would say they’d stop competing because they have common ownership.
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