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It worked in the past but today is different is a vast oversimplification of my argument, and implying I'm either acting in bad faith or hoodwinked by those tha
by topmonk 7y ago
It worked in the past but today is different is a vast oversimplification of my argument, and implying I'm either acting in bad faith or hoodwinked by those that are in order to pay off some investment manager is just an attempt to destroy the messenger.
Good luck with Vanguard.
- glofish 7y agoMy point is that while Wall Street may have figured out index funds better than it used to - it is nowhere near as "figured" out as that of manipulating individual stocks. As the paper points out - holding individual stocks is far riskier and inefficient than that of holding an index stock. Hence my point that while you may have different motivations for writing your piece - in the end, you are advocating for a worse potential outcome for most people. Wall Street would love nothing better than have many people play the stockmarket and try to outsmart the index funds.