Ari Levy
speaker
238 appearances
1 recordings
1 series
first heard Feb 2026
last heard 12 Feb
Ari Levy’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Feb 2026 with 1.
Appearances
We probably spent a third of our board meetings just talking about things that had nothing to do with other than regulatory Sarbanes-Oxley and compliance costs that just add up to much more meaningful amount for a small company as a percentage than a large company.
And with index funds just going larger and larger, there's been a huge increase in assets going from active to passive.
Honestly, throughout my... I've been in the public markets for...
25 years, of course, there was the S&P 500 the whole time and the Russell 2000 that I've been in business.
But the increase in just number of passive funds is now, I believe, over half of the market.
And with that, most of it is in the major... We look today, for example, the S&P 500 versus the S&P 600, which is their small cap index, has...
what is known to be 17 times the amount of dollar assets in the S&P 500.
It's actually way more than that if you factor in all the private funds and indexing or even like quasi index funds.
They might say they're somewhat active, but they're index huggers, we call it, instead of having a
7% position in NVIDIA, they've got a 6% position or something that still makes them look a lot like the S&P 500 or the NASDAQ 100 or whatever.
And the small cap companies just get much less efficiently priced.
So
You roll up your sleeves and you look at some niche industry, some niche business that you think is asymmetric.
Well, you're going to get much better access to management.
You're going to be able to talk to the CEO and CFO of the company versus trying to do that with Apple.
Good luck.
You got to be a $300 billion mutual fund company or something to get that.
My first love, my favorite are the more arbitrage trades.
If you could give me only trades that make five basis points a day instead of, again, the one basis point that the government's offering you, it's hard to make that adds up to, let's say, 18% a year return that...
It's hard to get an 18% return compounded in picking stocks.
Showing 81–100 of 238 · page 5 of 12
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