Cameron Passmore

speaker

491 appearances 11 recordings 2 series first heard Apr 2026 last heard 13 Aug

Cameron Passmore’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 11 in all, peaking in Jun 2026 with 4.

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Welcome to episode 413.

And Ben, I got to thank you because you brought me back to, and I can remember the dinners.

I think I've talked about this in episodes years ago, but when we first discovered ETFs back in the mid-90s,

and to understand how they work, because understanding how a mutual fund works is very straightforward.

Understanding how an ETF works and how much goes on behind the scenes is so fascinating, but so head scratching.

So if you imagine 30 years ago or so,

where none of this made any sense when you're explaining it.

We're like creation redemption, but how does this happen?

I was in New York just after 9-11 happened and happened to get a tour of the Amex, the American Stock Exchange floor.

And we were watching traders on the floor doing these arbitrage trades.

to close the gap with NAB.

And all of a sudden, things started making sense.

Of course, it all got rationalized into the NYSE, I think, since then.

But it's just such an unbelievable mechanism.

And today's guest, Morley Khan, did a great job explaining so many things that happened behind the scenes.

And again, it just brought me back 30 years.

Yeah, he does a good job explaining it and it's complicated.

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