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Locally, that's a drawback. Globally, the unsexyness of passive index investing is the best thing about it. A huge percentage of the angel / seed / FFF capital
by somedudetbh 6y ago
Locally, that's a drawback.
Globally, the unsexyness of passive index investing is the best thing about it. A huge percentage of the angel / seed / FFF capital in the world comes from bored people who don't want to talk about their Vanguard Target Retirement 2050 investment and so put 10% of their portfolio into crazy startups that will sound impressive to their friends.
Consequently, for the posters on this site, the boringness of passive investing is a huge creator of jobs and opportunities for us!