Ben Gilbert: belief

Transcript context

…Saying that you are a hero to him. Incredible. I think the most interesting thing about 2008 is the fact that the index fund conceptually was stress tested. And it performed with flying colors. I'm sure there were mechanical issues that didn't come up in my research, but it owned a giant percentage of American companies, and that did not further cause additional systemic issues to the already massive problems going on. We have trillions at stake in these passive funds. Yep. Yep. But thinking about today, now that indexing is so much bigger, if there ever were to be a problem or a failure of one of the big indexing players, Vanguard or BlackRock or Fidelity or State Street, like the systemic fallout from that would be huge. I mean, if you think about the, you know, too big to fail concept from the financial crisis, all of the major index fund players are now much bigger than any individual player was back during the financial crisis.…

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