3 ms·

I'm happy to go through these in some depth, but the most obvious first response to this is, 1991... Is the landscape of 1991 the same as the landscape of 2020

I'm happy to go through these in some depth, but the most obvious first response to this is, 1991... Is the landscape of 1991 the same as the landscape of 2020, with its 10% of the s&p in just a few companies, with Robin Hood kids, with money printing, with Seeking Alpha and information overload? Talk shows about stocks and news algorithms pumping stocks to the masses? Some of your links are for active fund managers versus passive fund managers. Again, a red herring. No, there's not JUST a choice between bogleheading and day trading, and none of us here are active fund managers? Are fund managers (who have clients) compared to the likes of you and me ? Some individual stocks you buy for the long term, others you trade short term. And sometimes, you can long a stock but only trade a percentage of the holding. You can keep it for a day or for years.

throw0101a 6y ago
> Is the landscape of 1991 the same as the landscape of 2020, with its 10% of the s&p in just a few companies Yes, it is the same: * https://awealthofcommonsense.com/2020/07/the-nifty-fifty-and-the-old-normal/ https://awealthofcommonsense.com/2020/07/the-nifty-fifty-and... * https://theirrelevantinvestor.com/2018/11/26/the-nifty-fifty/ https://theirrelevantinvestor.com/2018/11/26/the-nifty-fifty... * https://en.wikipedia.org/wiki/Nifty_Fifty https://en.wikipedia.org/wiki/Nifty_Fifty * https://etfdb.com/history-of-the-s-and-p-500/ https://etfdb.com/history-of-the-s-and-p-500/ * https://www.qad.com/blog/2019/10/sp-500-companies-over-time https://www.qad.com/blog/2019/10/sp-500-companies-over-time That's the definition of the S&P 500: the largest five hundred companies publicly traded companies. > with money printing, I do not think this actually does what you thinks it does: * https://www.youtube.com/watch?v=K3lP3BhvnSo https://www.youtube.com/watch?v=K3lP3BhvnSo * https://rationalreminder.ca/podcast/109 https://rationalreminder.ca/podcast/109 > […] Talk shows about stocks and news algorithms pumping stocks to the masses? Please see the 1990s and "irrational exuberance". I live in Canada: ask anyone here above a certain age (40s) about Nortel and Bre-X. > Are fund managers (who have clients) compared to the likes of you and me ? Fund managers have more resources than you and me, and thus probably have better information to base decisions on. Unless, of course, you are using satellite imagery in your investing workflow: > Currie’s prediction proved correct. As word spread that satellite images were a reliable predictor of corporate profits, a range of investment funds began buying retail-traffic data from RS Metrics. In the following years, the company expanded, tracking not just parked cars but solar-panel installations, lumber inventory at sawmills, and the mining of metals worldwide. * https://www.theatlantic.com/magazine/archive/2019/05/stock-value-satellite-images-investing/586009/ https://www.theatlantic.com/magazine/archive/2019/05/stock-v...

throw0101a 6y ago

> Is the landscape of 1991 the same as the landscape of 2020, with its 10% of the s&p in just a few companies Yes, it is the same: * https://awealthofcommonsense.com/2020/07/the-nifty-fifty-and-the-old-normal/ https://awealthofcommonsense.com/2020/07/the-nifty-fifty-and... * https://theirrelevantinvestor.com/2018/11/26/the-nifty-fifty/ https://theirrelevantinvestor.com/2018/11/26/the-nifty-fifty... * https://en.wikipedia.org/wiki/Nifty_Fifty https://en.wikipedia.org/wiki/Nifty_Fifty * https://etfdb.com/history-of-the-s-and-p-500/ https://etfdb.com/history-of-the-s-and-p-500/ * https://www.qad.com/blog/2019/10/sp-500-companies-over-time https://www.qad.com/blog/2019/10/sp-500-companies-over-time That's the definition of the S&P 500: the largest five hundred companies publicly traded companies. > with money printing, I do not think this actually does what you thinks it does: * https://www.youtube.com/watch?v=K3lP3BhvnSo https://www.youtube.com/watch?v=K3lP3BhvnSo * https://rationalreminder.ca/podcast/109 https://rationalreminder.ca/podcast/109 > […] Talk shows about stocks and news algorithms pumping stocks to the masses? Please see the 1990s and "irrational exuberance". I live in Canada: ask anyone here above a certain age (40s) about Nortel and Bre-X. > Are fund managers (who have clients) compared to the likes of you and me ? Fund managers have more resources than you and me, and thus probably have better information to base decisions on. Unless, of course, you are using satellite imagery in your investing workflow: > Currie’s prediction proved correct. As word spread that satellite images were a reliable predictor of corporate profits, a range of investment funds began buying retail-traffic data from RS Metrics. In the following years, the company expanded, tracking not just parked cars but solar-panel installations, lumber inventory at sawmills, and the mining of metals worldwide. * https://www.theatlantic.com/magazine/archive/2019/05/stock-value-satellite-images-investing/586009/ https://www.theatlantic.com/magazine/archive/2019/05/stock-v...