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I think the other commenters hit on the important points and anticipated my distinctions. Note that I said "on a significant level". That did not imply blind or

I think the other commenters hit on the important points and anticipated my distinctions. Note that I said "on a significant level". That did not imply blind or absolute faith. There are other investment options to match your bullish outlook if you think CAPM and EMH are wrong to the approximation that suits your involvement, knowledge, and risk profile, but you chose an index ETF. Why?

kd0amg 10y ago
Perhaps GP believes he does not have the skills to identify market inefficiencies, or believes he does not have the skills to identify fund managers who have the skills to identify market inefficiencies. Those would seem to rule out picking securities himself or choosing an actively-managed fund. Or maybe he just believes the market might stay irrational longer than he can stay solvent.