The prolific author and investment consultant weighs in whether indexing has gotten too large, Vanguard's foray into private equity, and the spots where active management might still work. Listen and subscribe to Morningstar’s The Long View Podcast: Apple: https://podcasts.apple.com/us/podcast/the-long-view/id1462214964 Google: https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy5zaW1wbGVjYXN0LmNvbS81U0V3a0pZaQ%3D%3D Spotify: https://open.spotify.com/show/21UMpSDjAl7HzyQ0M0wvLw Stitcher: https://www.stitcher.com/podcast/morningstar-inc-2/the-long-view-4?refid=stpr For all Morningstar videos: http://www.morningstar.com/articles/archive/467/us-videos.html