In this episode of the At the Forefront podcast, Chief Operating Officer David Choate sits down with Forefront’s Head of Content Sam Belden to discuss the long-term implications of passive investing on public markets, capital formation and price discovery. Building on several recent op-eds published in Institutional Investor and Traders Magazine, Dave shares his perspective on how passive investing, tax policy and market structure changes are reshaping the role of active management across the financial ecosystem.