Professor Russell Napier: The equity index fund is a dangerous product

[@halbrooks4654]

Charlie Munger, was an attorney by profession. However his chief client was ROCKEFELLER and teamed up with WARREN BUFFET who was a value/ business investor. BTW, Munger and Buffet are in their 90's and extremely benefitted from compounding, BRKH, never paid dividends ( all profits reinvested)

[@somejohndoe3004]

Very interesting, enjoyed the interview a lot. Thank you ! Value content.

[@rocking1313]

Fantastic interview - Prof. Napier is the Liam Neeson of financial commentators ? :)

[@Otto72ish]

Great stuff. (Please consider adding video too.)

[@jayeshpoladia]

Thanks for wonderful discussion

[@stevesmith8155]

Excellent insights. Thanks Russell, even if I am a year behind in listening. So relevant to the average retail investor trying to see beyond the common misdirection of narrative spinners.

[@juliusarnold2844]

Excellent questions at the end!

[@tomg6962]

Great interview - took a lot away from this. His short comments on property rights, China and resulting terminal values is so poignant

[@eikoGoldstein]

His advice regarding active v. passive, ie index funds is a triumph of hope over experience. He admits(quoting Buffet) that finding a good active manager is simple but not easy. But he implores us to find one! Even Buffet suggests the average investor is better in an index fund. Napier comes off as foolish in this interview.

[@dhruvsahu8570]

Venture capital are new value managers in financial repression

[@Hans-dw5yo]

On the topic, the whole conversation is so diversed that it looses the value...one has to hunt the uninspiring monologue, for finding utility of time spent as a learner. Could have used a presentation, i feel

[@davidgray3321]

I am a simple chap but I don’t think this man is thinking very clearly, he seems to suggest that there is a great advantage to some countries to come from China no longer being the provider of cheap overseas production to the west. Ok very simple logic there. But then he starts rambling on about different countries debts, you’re not investing in the country you investing in firms in the country remember? He is also a lawyer I believe? In my opinion the best background for this field is probably an economic historian. He also doesn’t like index funds but fails to properly explain why. Apart from that it’s really quite interesting.

[@secondhorizon]

stop naming names ~ its nepotism

[@sargakumari7825]

Talked for an hour and said nothing.

[@sheevamatimbas4300]

Maybe you should do a podcast and enlighten us with your Genius

[@tuckerbugeater]

@@sheevamatimbas4300 he said nothing

[@martinkrung363]

About riding the bull, it's very helpful to invest into crypto. Crypto is stocks on steorid. You learn faster. I myself lived 5 cycle in 10 years and in the last cycle I have been able to almost sell the top. BUT, I understand the technology and see the difference between quality (1%) and trash (99%). And in crypto, even today, there are good quality project with 20% yield a year! Normal people don't believe that, but they exist,.it's just very difficult to see what's scam and whats real.