> The market isn't losing valuable insights from people who are investing in index funds. Even if they were confident enough in an individual stock to buy share

> The market isn't losing valuable insights from people who are investing in index funds. Even if they were confident enough in an individual stock to buy shares, that doesn't mean they have any real insight about the company. Well, but index funds and individual stocks aren't the only things that retail investors can buy. A lot of money is moving out of actively-managed funds too.