[redpoint5]

Yeah, he disliked that question today.

I think it was yesterday he had some super interesting perspectives, but it slipped my mind before I could comment. I might revisit.

EDIT-

Listening now.

Need a baseline amount of stupid investment to get money to flow to the corners of the world.

I had a similar conversation with my economist friend the other night where I said the only people able to consistently outperform the stock market either have insider information, a technological advantage like a faster connection to the market, or are so large already they can move the market. That means 100% of people without those advantages would be better off with an index fund and not a stock broker. The entire concept of stock value would collapse if 100% of people invested in index funds because the value of the individual stocks only moves when people value them differently.