The Winners and Losers of Index Investing | #435
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Welcome to episode 435 of the Raptor Reminder Podcast. I'm Ben Felix, Chief Investment Officer at PWL Capital. And I'm Cameron Passmore, Chief Executive Officer at PWL Capital. And today we are joined by Martin Schmalz. Martin is a German economist and professor of finance, economics, and real estate at the University of Oxford's Saeed Business School. His research spans asset management, asset pricing, and investor behavior. He is best known for his work on common ownership, which is when one set of shareholders owns competing companies.
as index fund investors do. We talk about whether index funds for all their benefits carry hidden costs for investors. and the broader economy. From there we turn to investor behavior. And why wealthy investors often avoid the cheap Diversite portfolios that research supports. We finish on a personal note.
With why thinking like an economist can make you Unhappy. Yeah. Well we'll share our thoughts at the end of the episode, but for now let's go to our conversation with Martin. Martin Schmalz, welcome to the Irational Reminder Podcast.
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