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20 Years Ago, Bill Ackman Asked Warren Buffett And Charlie Munger About A Risk The Market Faces Today
Posted on: Oct. 31, 2016, 4:04 p.m.
Twenty years ago, a young investor named Bill Ackman made an astute observation about indexation to investing legend Charlie Munger. “We’ve heard a lot of discussion about how institutions and individuals use index funds,” Ackman, then 30, said to Munger at The Buffett Essays Symposium, a conference that took place in October 1996. “But to the extent that more and more capital becomes indexed — and if you think about index fund managers as really being a computer, then in terms of ... Full investment news article