Fantasy vs Fundamentals: Seth Cogswell on Bubbles, Passive Flows, and What Breaks Next
About this episode
In this episode of Lead‑Lag Live, I sit down with Seth Cogswell, Founding Partner and Portfolio Manager at Running Oak, to cut through the hype and examine what’s really underpinning today’s market momentum.
From zombie companies to the staggering dominance of passive investing, Seth lays out how fundamentals no longer align with price—and why the next correction may be bigger than it looks.
In this episode:
– Why today’s market strength is more fantasy than fact
– The hidden risks built into passive strategies
– The destabilizing role of concentrated index flows
– How Fed stimulus has delayed, not eliminated, downside risk
– Why mid- and small-cap names matter when the narrative shifts
Lead‑Lag Live brings you inside conversations with the financial thinkers who shape markets.
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#LeadLagLive #Markets #Investing #SethCogswell #PassiveInvesting #MarketFragility #RunningOak
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