1. Bad news for who? It's certainly an interesting development - as a higher proportion of invested assets move predictably (i.e. are passively invested), the g

1. Bad news for who? It's certainly an interesting development - as a higher proportion of invested assets move predictably (i.e. are passively invested), the game becomes easier for the fewer remaining active participants. 2. What is a dumb stock? 3. I don't have the answer to this but keep in mind that those with a vested interest in the success of local markets (e.g. financial advisors within a given nation) are likely to suggest that people invest more in those areas. Your inclination to consider likely geopolitical shifts as you make these decisions is a good one.