The episode explores the relationship between the growth of index funds and the academic definition of market efficiency, and how the two concepts may be diverging.
The podcast episodes discuss the concept of market efficiency and how it relates to various financial phenomena, such as the meme stock craze, the growth of index funds, and the potential impact of regulatory changes.
Episodes Joseph Stiglitz on Pioneering Economic Theories, Policy Challenges, and His Intellectual Legacy and Lots More With Luke Kawa on Memestock Mania 2.0 explore Stiglitz's critique of the notion of market efficiency and how the meme stock events challenge or reinforce the efficient market hypothesis.
Other episodes, such as Goblin Hours: 24/7, FTC, Gold and Episode 302 - Michael Green: Market Efficiency Is Not The Question, examine how changes to trading hours, regulations, and the growth of index funds could impact overall market efficiency and liquidity.