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A comment on A critique of the claim that passive investing is a bubble. Parent comment
Which came dramatically close to happening in 2008, see, e.g. [0].
[0] http://pages.stern.nyu.edu/~sternfin/pschnabl/kacperczyk_sch...
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Which came dramatically close to happening in 2008, see, e.g. [0].
[0] http://pages.stern.nyu.edu/~sternfin/pschnabl/kacperczyk_sch...