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I'm not the OP or the grandparent post, but I wonder what happens if a significant portion of the market starts indexing? My gut is that there are strong incent
by gburt 11y ago
I'm not the OP or the grandparent post, but I wonder what happens if a significant portion of the market starts indexing? My gut is that there are strong incentives against that: as more people start indexing, the gains from not indexing become more diverse.
- debacle 11y agoOn the same token, more indexing will insulate losses by creating an implicit demand based on market cap.