Steve Obama, Fifty Cents, Microsoft discussed on We Study Billionaires - The Investors Podcast


Kyle west gray. And jake taylor a joining me for investing mosman group here in q. One it's always great to speak with you and even better to speak to all you have the same time so welcome to the show. Gin's thanks for having us guys. Thanks so i'm sure the audience really going to enjoy this station. And what you guys see in the financial markets right now. Toby whereas and i wrote a book of fairy long time ago now. It's almost a decade since it came out and that's pretty good explanation of sort of the underlying process which is like the screen basically and then under a few things on top of that. I think the most interesting thing in the market at the moment is kathy would and ach. Etf's you might remember. In the early dot com days those funchal janus and the head break performances go great flows like a of flaws as a result and they were focused on smaller quid. Take names said janus had these gripe flows into these very illiquid stocks and they degrade performance as a result and it was probably van driving up. The performance of those stocks has been a similar argument made about ach that they tend to focus on smaller. Non-profitable take stokes and Sorta gigantically big of the last few years. It's now sort of a third or fourth biggest. Ats show out there that flows now that go into these small illiquid tech stocks of they control prices of these textbooks. Had this little wobble of the last few days colson redemptions for them which may cause them to do some selling as well they also have been exposure tasteless I just think that that's the driver of the market at the moment is potentially getting some redemptions having to sell out of some of those stocks which will push an the names and a very sort of beholden to what tesla Much big stuff. But it's still quite volatile. Hasn't made a great deal of money and so there's some risks that creates Cascade selling an odd gets coordinated. And then i didn't know what that does to the rest of the market. That seems to me that there's a lot of money in tessler knocked is fairly new money. Little be sensitive to what happens

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