The Latest Battle in the Ongoing Fee-Price War Lures About $1 Billion

The video discusses Fidelity's launch of zero expense ratio funds and their impact on the investment landscape. It highlights the trend of money flowing into low-cost ETFs and the ongoing fee price war in passive investing. The discussion shifts to buybacks and dividends, emphasizing the concept of shareholder yield. The performance of buybacks and dividends is analyzed, with a focus on their impact on the market. Finally, the video explores tail risk hedging strategies and the importance of market timing in managing investment risk.

What is the relationship between buybacks and dividends according to the discussion?

What does the term 'shareholder yield' refer to in the context of buybacks and dividends?

How does the speaker suggest investors should approach hedging their portfolios?