# The Tyranny of the Index

Page: https://stenobird.com/podcast/the-capital-cycle-podcast-6980110/the-tyranny-of-the-index
Text version: https://stenobird.com/podcast/the-capital-cycle-podcast-6980110/the-tyranny-of-the-index.md
Podcast: [The Capital Cycle Podcast](https://stenobird.com/podcast/the-capital-cycle-podcast-6980110)
Published: 2026-02-27T13:34:29+00:00
Episode link: https://shows.acast.com/the-capital-cycle-podcast/episodes/tyranny-of-the-index
Audio file: https://sphinx.acast.com/p/open/s/66acfe26e65b9fd5b02a0fcd/e/69a19d65811eb345585aa9bd/media.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-capital-cycle-podcast-6980110/episodes/the-tyranny-of-the-index
Duration seconds: 1234

## Resource

History tells us that long-term equity returns depend on the starting valuation level.   Edward Chancellor talks to Alex Duffy, an Emerging Markets Portfolio Manager. For more information, or to access select articles from Marathon’s  Global Investment Review  publications which accompany this podcast series, please visit  www.thecapitalcycle.co.uk Hosted on Acast. See acast.com/privacy for more information.

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## Transcript

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