There is no such thing as a passive investor, because the moment an end-investor contributes or withdraws cash, the composition of the index portfolio changes and must be traded again during market hours, forcing transactions on supposedly passive vehicles.

definitionpending

Speaker

Mike Green

Evidence Quote

And the minute you recognize that, you recognize there is no such thing as a passive investor. There can't be a passive investor.

Source

The Trillion Dollar Trap | Mike Green on Passive Investing's Fatal Design FlawExcess Returns
Created: 6/18/2026, 1:59:25 PM

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