great interview on IPOs, s&p 500 and passive investing:
the mega IPO playbook: low float. lots of forced buyers. price goes up. early investors cash out.
in mike green's words: "we created conditions for false demand through the overweighting of low float securities into the index... and we've turned the indices into monetization vehicles for large scale IPOs"
@excessreturnpod is underrated channel - great content
youtube.com/watch?v=354vZM…
the mega IPO playbook: low float. lots of forced buyers. price goes up. early investors cash out.
in mike green's words: "we created conditions for false demand through the overweighting of low float securities into the index... and we've turned the indices into monetization vehicles for large scale IPOs"
@excessreturnpod is underrated channel - great content
youtube.com/watch?v=354vZM…
www.youtube.com Stocks Are Falling. The Economy Is Weakening. So Why Doesn’t Mike... Mike Green explains how passive investing is reshaping stock prices... 
