# They're Back... Page: https://stenobird.com/podcast/talking-real-money-investing-talk-201087/they-re-back Text version: https://stenobird.com/podcast/talking-real-money-investing-talk-201087/they-re-back.md Podcast: [Talking Real Money - Investing Talk](https://stenobird.com/podcast/talking-real-money-investing-talk-201087) Published: 2026-06-24T16:00:00+00:00 Episode link: https://www.buzzsprout.com/2607021/episodes/19349814-they-re-back.mp3 Audio file: https://www.buzzsprout.com/2607021/episodes/19349814-they-re-back.mp3 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/talking-real-money-investing-talk-201087/episodes/they-re-back Duration seconds: 1590 ## Resource Tom welcomes legendary investor educator and longtime friend Paul Merriman for a wide-ranging conversation about the evolution of indexing, the proposed changes to the S&P 500, and why investors should understand both the strengths and limitations of traditional index funds. Paul explains why firms like Dimensional Fund Advisors and Avantis Investors use a more flexible, evidence-based approach than traditional indexing and discusses how academic research has reshaped portfolio constructi... ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/talking-real-money-investing-talk-201087/episodes/they-re-back/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/talking-real-money-investing-talk-201087/they-re-back.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.