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Anil Gupta -- Vice President, Investor Relations Good afternoon, and welcome to the Coinbase fourth quarter and full year 2023 earnings call. Joining me on today's call are Brian Armstrong, co-founder and CEO; Emilie Choi, president and COO; Alesia Haas, CFO; and Paul Grewal, chief legal officer. We launched Coinbase Asset Management.
I think you have a great, great thread or post on X about index investing and essentially the returns and costs associated with index investing versus the famous activeinvestors including Kathy Wood and Bill Ackman. This also means that we could be managing our own finances well into our '80s and '90s. I will plug that.
As intermediaries making decisions on which entities obtain finance and which do not, investors play a unique role in shaping the economy. 1) Such awareness is growing in finance and more institutions are stating an intent to conduct business responsibly. This is particularly true of the investment sector.
Aswath Damodaran is a professor of finance at the Stern School of Business at New York University. In this podcast, Motley Fool analyst Bill Mann caught up with Damodaran for a conversation about: Corporate lifecycles, and why investors should understand them. The problem with trying to follow great investors.
And so transition like many people did in my generation into finance. Camp as you, you’ve had a fairly entrepreneurial background, not just in finance over the past decade or two, but you founded or co-founded value add software in the 1990s. Similar, 00:02:48 [Barry Ritholtz] Similar story. I, I’m in the same camp.
Charlie Ellis is a legend in the world of finance, whether it was at Greenwich Associates, or as chair of the Yale endowment, or a board member at Vanguard. He said, yeah, but it’s really good for investors. RITHOLTZ: So I like the concept of Vanguard’s culture as unique in the world of finance, low cost, high integrity.
But the career paths from there were either kind of the PhD route, or the legal routes. I knew finance had a close corollary to econ. In terms of kind of what this means for active and passive, I think there’s a lot to that. But as an activeinvestor, I can say I’m a big fan of passive investing.
For an activeinvestor, that provides opportunities,” Graham said, referencing CPP Investments’ approach of combing the globe and often making direct investments in a wide range of assets, from airports to toll roads and energy utilities to malls. Public Equities include absolute return strategies and related investment liabilities.
You’ve — you’ve been reporting on finance pretty much your entire career. RITHOLTZ: … most of (inaudible) — Warren is an honest steward of active investing. And Buffett recommends — I mean, Buffett is an activeinvestor, but he recommends if — unless you’re going to do this all the day, all the time ….
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