When Capital Flows Trump Fundamentals

Josh Wolfe of Lux Capital joins Michael Green of Thiel Macro to talk about the consequences of a shifting market balance between active and passive management. Wolfe argues that capital flows are now more important to the market than the fundamentals of the individual securities. This clip is excerpted from a video published on Real Vision on March 15, 2019 entitled “Robotics Successes and VC Madness.”