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)”