>People are significantly more exposed to the stock market these days than in 1910 >Considering tons of people's 401k's I'm surprised to hear this, because my

>People are significantly more exposed to the stock market these days than in 1910 >Considering tons of people's 401k's I'm surprised to hear this, because my understanding is the opposite. Something like 60% of Americans have a 401k, but the numbers for how much they have in them is grim. Almost everyone is underfunded, less than 20% of Americans made a contribution last year, and overall 9/10 stocks are owned by about 1/10th of the population (and rising). >If any leaders gets really serious about breaking up some of the Big Tech companies you'll see enormous pressure to get them out of office ASAP. Even if it did tank 401ks, I don't think you can be so sure about the public reaction to it. I can't claim to perfectly understand human behavior, but I'm very confident that it not well predicted simply by applying a value-based analysis.