#67 Reflections on Investing: The Rise of Passive Investing

Passive investing has exploded over the past decade — but is it distorting stock prices and squeezing out returns? In this video, we explore the massive inflows into index funds, their effect on market valuations, rising concentration in mega-cap stocks, and the dramatic collapse of the equity risk premium. Discover how passive strategies are reshaping equity markets, the hidden risks behind rising valuations, and what it all means for investors and the future of active management.