Ben Gilbert: belief

Transcript context

…We're getting all of that price discovery and price information that the active guys are doing. Just for free. I don't buy this argument. Like I'm not concerned in any way about this. I think even if you had 95% passive, the prices are set by the marginal trader. You don't need very many people in there arguing with their dollars about what something is worth to figure out what it's worth. Yep. And the profit opportunity from arbitraging-…

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