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So here's hoping they figure out what the heck's going on and at least fire whoever's doing it.

And Protector ATR says, how dare you get a hardworking thief fired? How are they going to give Novas to all their friends and family?

That's a good question.

Well, Protector, they're going to give out RP6s as well.

And over three episodes, we are questioning some of the assumptions underpinning markets today and how to think about what that might mean for your own investment strategy.

This is episode two.

So if you haven't listened to episode one, go back and do that first.

In that episode, we looked at how passive investing went from a genuinely revolutionary idea to something approaching the default investment strategy.

And we also explained how rising concentration in major indices, particularly in the US, is making passive portfolios less diversified and potentially more risky.

In this episode, we're going to continue to look at how the market around passive investing is changing and how passive investing is in turn changing the market.

We'll look at how fund managers are now trading around passive flows and how the rules that decide what's get into an index can shape the way passive

investing works.

A series of debates with young voters filmed by Israeli satirist and TV host Lior Schlein highlighted some of the extreme views in classrooms here.

In one video, now removed from his website, a student advocates killing all Israeli Arabs.

"Give me a knife and I'll murder them," he says.

And later, "No Arabs should live in Israel.

Revolut and the, the other banks have said that all data is safe and all, all money in people's accounts is safe.

Joe, thank you very much for bringing us the latest, for being so concise about it as well.

Um, and, uh, you can, uh, see much more from Joe on our website, bbc.com/news.

Always worth reading what he has to say.

So what if you've got to wait until you're 40 before you get a seat in the House of Representatives? Ralph Willis did it.

Former ACTU advocate.

He came here with a bit of a reputation.

You're not going into journalism.

But, you know, uh, we'll, we'll leave, we'll leave that there.

Um, I have a wonderful newsletter at carolroth.com/news, and I talk about this stuff on the, on the regular, and I tend to be a centrist, right? There, there are people who-

Mm

... are engaging in hyperbole on both sides of the spectrum here, right? If you are in the AI industry or you're benefiting, you know, you are Ringling Brothers.

They will probably over-fire, as they always do with these things, and then have to hire people back, and we're starting to see that in certain industries.

Because at the end of the day, if you're not training young people to learn the business, you know, who are g- who are going to be those senior people to run the business down the road? So they always over-correct, um, but I think it's gonna be messy.

Carol, plug that newsletter again before I let you go.

Carolroth.com/news.