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Published 2 years ago

Elon Musk and Cathie Wood knock passive index investing, saying it’s gone too far

Summary by Ground News
Elon Musk and Cathie Wood criticized passive investing in a Twitter thread. Their discussion was sparked by venture capitalist Marc Andreessen. Andreessen said firms like BlackRock Inc. have outsized voices in many corporations. Tesla, meanwhile, is among the major companies where the likes of indexing pioneer Vanguard Group are among the top shareholders.

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New York PostNew York Post

Elon Musk, Cathie Wood say passive investing has become a ‘major problem’

Passive investment funds take up an increasing percentage of market share – roughly 60% of all equity assets are in passive products like ETFs.

2 years ago·New York, United States
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CNBCCNBC

Elon Musk and Cathie Wood knock passive index investing, saying it’s gone too far

Elon Musk and Cathie Wood took aim at index funds, arguing that passive investments have controlled too big a percentage of the stock market.

2 years ago·United States
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Business InsiderBusiness Insider

Elon Musk and Cathie Wood agree that passive management's takeover of the investing world has gone too far — and has prevented investors from reaping big gains

Since inception, Ark's flagship ETF has returned 182%, while the lower-cost passive Nasdaq 100 ETF enjoyed gains of 245% over the same time-period.

2 years ago·United States
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Bloomberg QuintBloomberg Quint

Elon Musk and Cathie Wood Say Passive Investing Has Gone Too Far

(Bloomberg) -- Elon Musk and Cathie Wood criticized passive investing in a Twitter thread, weighing in on a controversial and unresolved debate.Continue Reading. Read more on Markets by BloombergQuint.

2 years ago·Mumbai, India
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HandelsblattHandelsblatt

Mutual funds: “Passive investing has gone too far” — Elon Musk and Cathie Wood criticize ETF trend

On Twitter, the Tesla founder and the star investor cheated together about passive investment funds. Their verdict: The trend has gone too far.

2 years ago·Düsseldorf, Germany
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FortuneFortune

‘Gone too far’: Elon Musk and Cathie Wood weigh in on long-running Wall Street debate in Twitter thread

Their discussion was sparked by venture capitalist Marc Andreessen, who said firms like BlackRock have outsized voices in many corporations because of the voting power of their stable of passive index trackers. Read More

2 years ago·New York, United States
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