Great podcast. Lots of interesting info, including Prof Schoar's views on Private Equity for retail investors : There is a huge variety in the quality of the different PE funds and as a retail investor you simply cannot access the good funds.
@The Rational Reminder Podcast, can you cover active ETFs? There's not much coverage about them on the internet. Active ETFs seem to replicate passive ETFs with small adjustments to the weightings. They also have much lower fees compared to traditional funds and are more comparable for Europeans (with a 5-15 basis point difference between an active ETF and its benchmark ETF). At least some of JPMorgan's active ETFs have performed well over the last 5 years. I know this could all be noise, but active ETFs have only been around for 5 years.
I question whether there actually exist a "fiduciary" advisor in investment management. That's the equivalent of an unbiased journalist. That's not saying certain professionals aren't worth their fees, it's more about the alignment of interest in my opinion than the appearance of a standard of ethics as ethics is highly subjective.
