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Did you read the article? The article mentions that control may be more centralized than before but its impact is limited to simply favoring stocks that are per
by ihsw2 9y ago
Did you read the article? The article mentions that control may be more centralized than before but its impact is limited to simply favoring stocks that are perceived to exist for an extended period of time and consistently tick upward in price.
Furthermore the article specifically mentions that its impact is limited because index funds are more "hands-off" than anything else. This implies there is not more central planning, and (more to the point) there is no planning -- just a reflexive response to stock price movement.
This is the purest expression of the "invisible hand of the market."
- usrusr 9y agoI don't think that they are mutually exclusive: they could be perfectly hands-off regarding strategy, but still be stuffing the board with people who are prone to playing personal favor-swapping games with individuals in the fund management.
- dang 9y agoPlease don't insinuate that someone hasn't read an article. "Did you even read the article? It mentions that" can be shortened to "The article mentions that." https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html