Isn't that the point of indexing them? If your thesis is 'I think one of these will win, I'm just not sure which one' and you hope whichever wins, covers the

Isn't that the point of indexing them? If your thesis is 'I think one of these will win, I'm just not sure which one' and you hope whichever wins, covers the losers Expecting the final distribution of the coins to follow a Power Law distribution isn't incompatible with the index being profitable. (the returns of YC are mostly Power Law based, right?)