Horizon Kinetics recently published its 2018 Q1 investor letter (a copy of which can be download below).
In the letter, the investment firm discussed these topics: Anatomy of Systemic Risk; The False Premise of Large Scale Passive Investing: The Free-Ridering Phase of Indexation is Expiring; Are Index Funds Part of Float?; What is the Amazon Index Weight? Bet You Don’t Know; and Portfolio Weightings in Inflation Beneficiary and Other Non-Correlated Securities.
Horizon Kinetics, founded in...