Rob Arnott on the Hidden Costs of Passive Investing and the Real Winners From AI

Podcast: Excess Returns · Excess Returns

Opublikowano: 2026-10-21

Rob Arnott, founder of Research Affiliates and chairman of Syzygy Asset Management, examines S&P 500 concentration and who could benefit most from AI. Owning today’s market leaders is not necessarily the same as owning tomorrow’s biggest investment winners. Subscribe on Spotify⁠⁠⁠⁠ ⁠⁠⁠⁠Subscribe on Apple In this episode of The Intangible Economy, Rob joins Kai Wu to explore how index construction shapes what investors own, why index additions can create hidden costs, and why he would consider buying a richly valued IPO before index funds have to buy it. The conversation also covers AI’s shift to...