True passive investing may not exist, as all investing ultimately involves active decisions. In this episode of Inside Active, host David Cohne, mutual fund and active management analyst at Bloomberg Intelligence, along with co-host James Seyffart, senior ETF analyst at BI, spoke with Michael Green, portfolio manager and chief strategist at Simplify Asset Management, about the implications of passive investing’s dominance and the challenges facing active managers. They discuss how large index-tracking product flows may be reducing market elasticity, distorting price discovery and contributing to systemic risks. The conversation also explores whether active strategies can adapt and find opportunities in an increasingly index-driven market. The podcast was recorded on Feb. 10.