I'm glad people are starting to realize that the moral hazard with index funds is far larger than the moral hazard at the core of the last recession. Everyone g

I'm glad people are starting to realize that the moral hazard with index funds is far larger than the moral hazard at the core of the last recession. Everyone goes into index funds expecting somebody else to do the homework, so the few quants actually doing homework increasingly figure out how to make money at the expense of the market instead of in a way that boosts the market as a whole.