Interesting. As a total amateur in this area, does this mean that: There is so much cash available that betting on everything makes more sense than bets on indi

Interesting. As a total amateur in this area, does this mean that: There is so much cash available that betting on everything makes more sense than bets on individual things based on analysis? In other words, the cost to upgrade tech, follow regulations, etc. is higher than the margin between an index and a managed fund? If that's the case—wouldn't that mean that there are fewer people actually setting the price for any given stock by analysis, and wouldn't that end up bloating the market with potentially bad companies/vehicles continuing to get investment because they are in the main indexes?