Goldman’s O’Neill Comes Up Short

In a podcast interview posted last week, Tim O’Neill, global co-head of Goldman Sachs’ investment management division, warned investors that if passive investing gets too big, the market won’t work.

He then added: “So in terms of the size, a market needs both active and passive investing, because if everybody’s a passive investor, there’s no one to buy from. And if passive becomes a certain oversized percentage of the market, the market doesn’t function.”

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