Remove 2008 Remove Active Investors Remove Private Companies
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Transcript: Eric Balchunas

The Big Picture

BALCHUNAS: … I would say the financial crisis of 2008 is when they really kicked in. I remember when I covered for Fund Action in the — in the 90’s — in the late 90’s, I would cover all the fund companies. BALCHUNAS: 2008 was the year that made Vanguard and ETFs. RITHOLTZ: Right. BALCHUNAS: Yeah. BALCHUNAS: Yeah.

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Transcript: Christine Phillpotts, Ariel Investments

The Big Picture

It’s because of these biases that we have inefficiencies in the market that we can then exploit as active investors. So it’s just interesting to think about, again, as an investor, how do you handicap your own biases? So if the markets were perfectly rational, arguably there’d be no opportunities.