What podcasts say about Nelson Wicas

Every statement, with the speaker, the exact quote and the moment it was said.

What Nelson Wicas has said on podcasts

8 statements · 3 positive · 3 negative · 1 mixed · 1 neutral

on Vanguard active strategiesPositiveAug 25, 2026· The Long View
Vanguard has historically delivered strong active outperformance.
“Vanguard has produced a very impressive active... track record of outperformance”
Listen at 10:29
Open the episode · Andy Clarke and Nelson Wicas: Index Funds Aren’t Really Passive, And Other Lessons for Building a Better Portfolio
on Index-fund tracking-error managementNeutralAug 25, 2026· The Long View
Minimizing index-fund tracking error requires highly active operational attention.
“to do that, it was anything but passive. It was super active attention to all the details that were involved in it.”
Listen at 17:22
Open the episode · Andy Clarke and Nelson Wicas: Index Funds Aren’t Really Passive, And Other Lessons for Building a Better Portfolio
on Vanguard index fundsPositiveAug 25, 2026· The Long View
Vanguard index funds sometimes outperformed their benchmarks after expenses.
“during the period of time that I worked for Gus, you know, he ended up... He was tracking inside his expense ratio, and there were times that the index funds were actually outperforming the benchmark.”
Listen at 19:12
Open the episode · Andy Clarke and Nelson Wicas: Index Funds Aren’t Really Passive, And Other Lessons for Building a Better Portfolio
on Early beta estimatesNegativeAug 25, 2026· The Long View
Early beta estimates often differed substantially from realized beta.
“original estimates of beta were fairly poor or fell short of what realized beta turned out to be”
Listen at 24:05
Open the episode · Andy Clarke and Nelson Wicas: Index Funds Aren’t Really Passive, And Other Lessons for Building a Better Portfolio
on High inflationNegativeAug 25, 2026· The Long View
High inflation can severely reduce retirees’ ability to spend from portfolios.
“if we have a period of high inflation and how it's going to crush people's ability to spend from their portfolios”
Listen at 35:27
Open the episode · Andy Clarke and Nelson Wicas: Index Funds Aren’t Really Passive, And Other Lessons for Building a Better Portfolio
on Small-cap risk premiumMixedAug 25, 2026· The Long View
Small-cap outperformance as a risk premium will be intermittent.
“If it's a risk factor, it's going to come and go.”
Listen at 45:34
Open the episode · Andy Clarke and Nelson Wicas: Index Funds Aren’t Really Passive, And Other Lessons for Building a Better Portfolio
on Market efficiency across market-cap segmentsNegativeAug 25, 2026· The Long View
Market efficiency declines as stocks become smaller in capitalization.
“we all think that the market is less efficient as you go from large caps to small caps”
Listen at 48:04
Open the episode · Andy Clarke and Nelson Wicas: Index Funds Aren’t Really Passive, And Other Lessons for Building a Better Portfolio
on Small-cap quantitative fundsPositiveAug 25, 2026· The Long View
Small-cap quantitative funds succeeded by executing trades efficiently enough to capture backtested alpha.
“Our small cap quant funds were very successful because they could easily get the positions on and you could capture the alpha that you saw in your back test.”
Listen at 48:42
Open the episode · Andy Clarke and Nelson Wicas: Index Funds Aren’t Really Passive, And Other Lessons for Building a Better Portfolio

Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.