Barry Ritholtz, Columnist

Wall Street Pros Panic Over Coronavirus While Mom and Pop Buy

Passive investors calmly bought amid the market plunge while the titans liquidated.

March 17, 2020 at 11:30 AM UTC

Barry Ritholtz is a former Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”

They’ll wait it out.
Photographer: Brian Bahr/Getty Images North America

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If you’re one of those people — a pundit, investor or active manager — who’s been bracing for passive investing and exchange-traded funds to blow up the stock market, well, there’s some bad news for you.

But first, let’s recall some warnings about passive investing: