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A new look at active vs passive (Michael Green)

Bridge Alternatives · talk · Watch on YouTube

Investing & personal finance

What it is

Michael Green of Thiel Macro presents a thesis that the growth of passive investing distorts how markets price new money flows. He ties short-term market behavior to longer-term demographic cycles and its effects on valuations and volatility.

Why Hacker News recommends it

HN points to it in investing threads as an argument that passive index flows distort markets and could precede a crash.

  • 1 people recommended it
  • 2 different months
  • 0 strong recommendations
  • first 2020, last 2025

What HN commenters said

  1. “Your argument is exactly what Michael Green talks about [1].”

    Predicted index-driven distortions before the crash.

    PascLeRasc, 2020-08 · Recommendation · in “Ask HN: I have $450K cash, what should I do to maximize my return?”

Excerpts from Hacker News comments, linked to the originals. Summaries and labels were written by a language model from those comments.

Topics: passive investing, index funds, market structure, valuations, michael green

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