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Episode 216
Featuring Robbin Wigglesworth
Robin Wigglesworth chronicles the history of passive investing and its evolution into what some argue has become a market-distorting phenomenon that is making markets less efficient by inhibiting price discovery and concentrating power in the hands of an increasingly smaller number of index fund managers and purveyors of indices.

In Episode 216 of Hidden Forces, Demetri Kofinas speaks with Demetri Kofinas speaks with Robin Wigglesworth, the Financial Times global finance correspondent and author of “Trillions,” a book that chronicles the origins, history, and future of the index fund, arguably the most disruptive financial innovation of the last 50 years.

Robin and Demetri spend the first half of their conversation exploring the history of passive investing and its evolution into what some argue has become a market-distorting phenomenon that is making markets less efficient by inhibiting price discovery and concentrating power in the hands of an increasingly smaller number of index fund managers and purveyors of indices.

In the overtime, the two switch gears to discuss some of the timelier stories concerning investors, including inflation, whether or not it is transitory, and what central banks are able and prepared to do in order to curb it. Robin and Demetri also discuss the ongoing trading scandals at the Federal Reserve and what they say about the extent of corruption in government, the loss of faith in public institutions on the part of investors, and how that loss of faith is reflected in the casinofication of markets and the speculative manias we’ve seen in meme stocks and cryptocurrencies. It’s a phenomenal, hour-long overtime that you will not want to miss.

You can access the second hour of this week’s episode, as well as the transcript and rundown through the Hidden Forces Patreon Page. All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application.

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Producer & Host: Demetri Kofinas

Editor & Engineer: Stylianos Nicolaou

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Episode Recorded on 10/18/2021

Robin Wigglesworth is the global finance correspondent at the Financial Times. He focuses on the biggest trends reshaping markets, investing, and finance more broadly across the world, and writing longer-form features, analyses, profiles and columns. Before joining the Financial Times in 2008 he worked at Bloomberg News.

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Morbi interdum mollis sapien. Sed ac risus. Phasellus lacinia, magna a ullamcorper laoreet, lectus arcu pulvinar risus, vitae facilisis libero dolor a purus. Sed vel lacus. Mauris nibh felis, adipiscing varius, adipiscing in, lacinia vel, tellus. Suspendisse ac urna. Etiam pellentesque mauris ut lectus. Nunc tellus ante, mattis eget, gravida vitae, ultricies ac, leo. Integer leo pede, ornare a, lacinia eu, vulputate vel, nisl.

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Sed egestas, ante et vulputate volutpat, eros pede semper est, vitae luctus metus libero eu augue. Morbi purus libero, faucibus adipiscing, commodo quis, gravida id, est. Sed lectus. Praesent elementum hendrerit tortor. Sed semper lorem at felis. Vestibulum volutpat, lacus a ultrices sagittis, mi neque euismod dui, eu pulvinar nunc sapien ornare nisl. Phasellus pede arcu, dapibus eu, fermentum et, dapibus sed, urna.

Morbi interdum mollis sapien. Sed ac risus. Phasellus lacinia, magna a ullamcorper laoreet, lectus arcu pulvinar risus, vitae facilisis libero dolor a purus. Sed vel lacus. Mauris nibh felis, adipiscing varius, adipiscing in, lacinia vel, tellus. Suspendisse ac urna. Etiam pellentesque mauris ut lectus. Nunc tellus ante, mattis eget, gravida vitae, ultricies ac, leo. Integer leo pede, ornare a, lacinia eu, vulputate vel, nisl.

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