> Does every retired boomer living quite well off their 401K retirement plan represent a member of 'the investor class'? That is an academic argument at best.

> Does every retired boomer living quite well off their 401K retirement plan represent a member of 'the investor class'? That is an academic argument at best. Just because someone buys a Vanguard index fund with several thousand companies in it does not imply they enthusiastically approve of everything those several thousand companies are doing. This is one reason (among many) why we have laws and regulations. It is simply not practical for you and I as individuals to conduct in-depth research into each and every thing we buy.