Thoughts on Levine’s “Best Capital Allocating Robot (U.S. Division)”

Probably too much has been written already about Bernstein’s passive investing is worse than Marxism note, but *shrugs* it’s August so…

Over at Bloomberg, Matt Levine argued persuasively that a lot of what is called passive investing actually involves decisions about capital allocation, and that codifying those decisions (in the sense of computer code) doesn’t mean we’re headed towards a future where companies only receive investment in proportion to their current size.

Continue reading: Thoughts on Levine’s “Best Capital Allocating Robot (U.S. Division)”

Probably too much has been written already about Bernstein’s passive investing is worse than Marxism note, but *shrugs* it’s August so…

Over at Bloomberg, Matt Levine argued persuasively that a lot of what is called passive investing actually involves decisions about capital allocation, and that codifying those decisions (in the sense of computer code) doesn’t mean we’re headed towards a future where companies only receive investment in proportion to their current size.

Continue reading: Thoughts on Levine’s “Best Capital Allocating Robot (U.S. Division)”

As an investment strategy grows more popular, the probability of a comparison involving Marxism apparently approaches 1

Is there a Godwin’s Law equivalent for Marxism? Do we need one since the Law basically means that the longer an argument goes on the more likely we are to reach for extreme examples while in attack or in defence? So, you know, this kind of thing is already covered?

Continue reading: As an investment strategy grows more popular, the probability of a comparison involving Marxism apparently approaches 1

Is there a Godwin’s Law equivalent for Marxism? Do we need one since the Law basically means that the longer an argument goes on the more likely we are to reach for extreme examples while in attack or in defence? So, you know, this kind of thing is already covered?

Continue reading: As an investment strategy grows more popular, the probability of a comparison involving Marxism apparently approaches 1