Robert Shiller: Passive investing is a ‘pseudoscience’ and it’s bad for markets

Robert Shiller, the Nobel Prize-winning Yale economics professor, is clearly no fan of passive investing, which he describes as a “chaotic system” that’s taking a toll on the business landscape across the United States. The increasingly popular passive approach, of course, is basically when...

Robert Shiller: Passive investing is a ‘pseudoscience’ and it’s bad for markets