Spencer Jakab

speaker

157 appearances 1 recordings 1 series first heard Jul 2026 last heard 26 Jul

Spencer Jakab’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

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WSJ's Take On the Week · The Buried $150B Bet Inside the Top 20 U.S. Stocks · 26 Jul 2026 podcast

It did for many years way outperform McDonald's stock. matched

But you got that just by owning that stock and by owning, you know, an index fund. matched

And sensational is kind of the word, right? matched

I mean, because you have people who want to be let behind the velvet rope. matched

They know that these are investments that previously only the wealthy and well-connected could get access to. matched

And now I can, too. matched

Now this fund is offering me access. matched

And they don't think about how much it's costing them or how concentrated their bets are. matched

Whereas if they own the whole stock market, they own bets in lots of companies they haven't heard of. matched

Some of them can turn into real winners. matched

Many of them will turn into losers. matched

But, I mean, you know, it's not as concentrated. matched

But there's also a kind of pointy-headed academic reason for it. matched

And, I mean, just no offense, but, I mean, you're a very sophisticated person. matched

I mean, diversification is a good thing, right? matched

If you could own more businesses in more countries doing more different things, matched

That is generally good for you. matched

It's like the last free lunch in finances, right? matched

So are people missing out by, for example, these proposals to allow targeted funds and things like that to own a little bit of private equity? matched

Is that really important? matched

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