In a sense, and there's no shame in that. Index funds recognize that retail investors are bad at choosing where to place their money. I think it's equally plaus

In a sense, and there's no shame in that. Index funds recognize that retail investors are bad at choosing where to place their money. I think it's equally plausible that venture investors are just as bad, and that spreading your bets within a certain range (in stocks, publicly traded companies) reduces risk and increases the likelihood of gain.