3 ms·
Ownership seems to get mixed up with efficient capital allocation in a lot of discussions about this (referring to likely comments, not the article). For index
by sethev 9y ago
Ownership seems to get mixed up with efficient capital allocation in a lot of discussions about this (referring to likely comments, not the article). For index investing to work you only need a market that's "efficient enough in aggregate". What you're actually purchasing is ownership of future economic growth.