There’s something special about the US stock market these days—it’s almost beyond comprehension how it keeps kicking out consistently big returns. Sure, other markets have nice runs now and again, but they’re usually short-lived and almost microscopic compared to the US. Why is that? And how long can this level of dominance last?

On this episode of Trillions, Eric Balchunas and Joel Weber speak with Steve Hou, a quantitative researcher at Bloomberg Indices, who’s written a number of white papers on innovation, pricing power and turnaround companies. They discuss why US companies are rewarded for innovation while companies elsewhere are not, how to measure and invest in a successful strategy, which attributes make US corporate culture and its economy unique and where the competition is going to come from in the future.

There&rsquo;s something special about the US stock market these days&mdash;it&rsquo;s almost beyond comprehension how it keeps kicking out consistently big returns. Sure, other markets have nice runs now and again, but they&rsquo;re usually short-lived and almost microscopic compared to the US. Why is that? And how long can this level of dominance last?
On this episode of Trillions, Eric Balchunas and Joel Weber speak with Steve Hou, a quantitative researcher at Bloomberg Indices, who&rsquo;s written a number of white papers on <a href="https://www.bloomberg.com/professional/insights/trading/the-innovation-factor-the-power-of-rd-persistence/" data-cke-saved-href="https://www.bloomberg.com/professional/insights/trading/the-innovation-factor-the-power-of-rd-persistence/">innovation</a>, <a href="https://www.bloomberg.com/professional/insights/financial-services/cracking-the-code-of-pricing-power/" data-cke-saved-href="https://www.bloomberg.com/professional/insights/financial-services/cracking-the-code-of-pricing-power/">pricing power</a> and <a href="https://www.bloomberg.com/professional/insights/trading/analyst-ratings-improvers-a-bet-on-turnaround-companies/" data-cke-saved-href="https://www.bloomberg.com/professional/insights/trading/analyst-ratings-improvers-a-bet-on-turnaround-companies/">turnaround companies</a>. They discuss why US companies are rewarded for innovation while companies elsewhere are not, how to measure and invest in a successful strategy, which attributes make&nbsp;US corporate culture and its economy unique&nbsp;and where the competition is going to come from in the future.

Money goes where it’s treated best. That simple truth is a big reason why more and more money (trillions, in fact) flows into a powerful, low-cost tool that’s quietly transformed investing. Exchange-traded funds let you invest in everything from the stock market to gold like never before. This biweekly podcast will demystify them—and hopefully delight you in the process.

Money goes where it&rsquo;s treated best. That simple truth is a big reason why more and more money (trillions, in fact) flows into a powerful, low-cost tool that&rsquo;s quietly transformed investing. Exchange-traded funds let you invest in everything from the stock market to gold like never before. This biweekly podcast will demystify them&mdash;and hopefully delight you in the process.

Joel Weber and Eric Balchunas demystify the world of exchange-traded funds, or ETFs.

Trillions

Captain America: A Brave New ETF World

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/e8837a16-3293-4b14-9dcc-b282014e6460/transcript

Advertisement