Well as he said, Tesla in the end is just a car company, a car company that is valued at more than all the listed car companies in the world combined it doesn't make any sense at all!
He is absolutely right. But I also understand why it trades at higher prices—markets often price in future expectations. However, until they actually deliver on what they promise, it shouldn’t be trading this high.
That's an interesting point of view and to be honest I don't have a clear view on it either. Based on my interpretation, what they say is that ETFs are basically a form of low cost indirect active investing.
What do you think about Terry’s statements on Nvidia and Tesla?
Well as he said, Tesla in the end is just a car company, a car company that is valued at more than all the listed car companies in the world combined it doesn't make any sense at all!
What do you think about it?
He is absolutely right. But I also understand why it trades at higher prices—markets often price in future expectations. However, until they actually deliver on what they promise, it shouldn’t be trading this high.
Interesting article indeed! What do you think about Terry's statement on passive investing not being truly passive?
He might not be wrong, I’ve also heard a conference from Willam Higgons a French small cap investor that had pretty much the same view on ETFs.
I don’t have a clear point of view but I know one thing, nothing good happens when everyone do the same thing at the same time,
ETF starts to become bigger and bigger and it may start to be a problem but also the biggest opportunity for stock pickers at some point
I’ve wrote about it https://open.substack.com/pub/waver/p/small-caps-massacre-or-mirage-or?r=c9o99&utm_medium=ios
How do you see it on your side?
That's an interesting point of view and to be honest I don't have a clear view on it either. Based on my interpretation, what they say is that ETFs are basically a form of low cost indirect active investing.