Warnings that index funds have broken the stock market all imply a threshold: a share of the market at which price discovery fails. Nobody making the argument names it. Owen Lamont, writing in the Financial Analysts Journal, argues that no such number exists short of complete passive ownership, and that what actually determines whether prices stay informative is who is left doing the trading. His case, the strongest peer-reviewed research against it, and what the performance
Property investment is a popular strategy in many countries. One particular approach, buy to let, has gained widespread appeal because of rising house prices. But that popularity can mask some of the key dangers. Investors often overlook the risks of concentrating wealth in a single asset class like property. Professor JENS HAGENDORFF from King’s College London warns that many buy to let investors are underestimating the potential downside, especially compared to stock market
Robin Powell
Feb 17, 20253 min read
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