4 ms·

So Vanguard (venerated investment institution for 50 years) is wrong and you (random HN commenter) are right? Sure, okay.

skinnymuch 4y ago
This is a really weak way to think or see the the world. Regardless of who is correct in this specific situation.
- TameAntelope 4y ago
  No, it very much is not. It's literally how all education works, for example.
  - skinnymuch 4y ago
    You’re sticking to the same logic of blind trust to tradition and authority
    - TameAntelope 4y ago
      Who said anything about blind or tradition? That seems like stuff you injected into this convo, not me. I trust institutions who have a strong track record of predictiveness and desirable outcomes. Vanguard has both in spades, and has earned their authority. If they stop accurately predicting future behavior and/or stop producing desirable outcomes, that will change their authority on matters of investing. Not trusting predictiveness and desirable outcomes seems prone to bias. If your alternative is that you only trust yourself, that seems like both a paranoid and privileged outlook, given how much time and how many resources you'd need to expend to gain even half of the knowledge Vanguard as an institution has about operating as an investment advisor.
      - skinnymuch 4y ago
        Your previous comment was about both. Saying that’s how all education works.
        TameAntelope 4y ago
        No, "education" as a concept does not mean either of those things.
wing-_-nuts 4y ago
Vanguard tracks the index. The index are US large caps. In this case OP is right and vanguard is wrong. You should do a little research before you display such ignorance.
- TameAntelope 4y ago
  Do my research, you say? Like, find a company in the S&P 500[0] that is not an American company? A company named, oh I dunno, Linde plc, which trades as $LIN and was founded in Germany[1] and currently has its headquarters in the UK? So on the technical merits, what I said was correct, the S&P 500 does indeed have non-US stocks. Further, on the general thrust of my point, that the S&P 500 has exposure to international markets, that also holds true, something like 71% US and 29% international based on some cursory research [2]. But please, continue to lecture me on my ignorance. :) [0] https://en.wikipedia.org/wiki/List_of_S%26P_500_companies https://en.wikipedia.org/wiki/List_of_S%26P_500_companies [1] https://en.wikipedia.org/wiki/Linde_plc https://en.wikipedia.org/wiki/Linde_plc [2] https://www.spglobal.com/en/research-insights/articles/daily-update-july-13-2022 https://www.spglobal.com/en/research-insights/articles/daily...

skinnymuch 4y ago

This is a really weak way to think or see the the world. Regardless of who is correct in this specific situation.

TameAntelope 4y ago
No, it very much is not. It's literally how all education works, for example.
- skinnymuch 4y ago
  You’re sticking to the same logic of blind trust to tradition and authority
  - TameAntelope 4y ago
    Who said anything about blind or tradition? That seems like stuff you injected into this convo, not me. I trust institutions who have a strong track record of predictiveness and desirable outcomes. Vanguard has both in spades, and has earned their authority. If they stop accurately predicting future behavior and/or stop producing desirable outcomes, that will change their authority on matters of investing. Not trusting predictiveness and desirable outcomes seems prone to bias. If your alternative is that you only trust yourself, that seems like both a paranoid and privileged outlook, given how much time and how many resources you'd need to expend to gain even half of the knowledge Vanguard as an institution has about operating as an investment advisor.
    - skinnymuch 4y ago
      Your previous comment was about both. Saying that’s how all education works.
      - TameAntelope 4y ago
        No, "education" as a concept does not mean either of those things.

wing-_-nuts 4y ago

Vanguard tracks the index. The index are US large caps. In this case OP is right and vanguard is wrong. You should do a little research before you display such ignorance.

TameAntelope 4y ago
Do my research, you say? Like, find a company in the S&P 500[0] that is not an American company? A company named, oh I dunno, Linde plc, which trades as $LIN and was founded in Germany[1] and currently has its headquarters in the UK? So on the technical merits, what I said was correct, the S&P 500 does indeed have non-US stocks. Further, on the general thrust of my point, that the S&P 500 has exposure to international markets, that also holds true, something like 71% US and 29% international based on some cursory research [2]. But please, continue to lecture me on my ignorance. :) [0] https://en.wikipedia.org/wiki/List_of_S%26P_500_companies https://en.wikipedia.org/wiki/List_of_S%26P_500_companies [1] https://en.wikipedia.org/wiki/Linde_plc https://en.wikipedia.org/wiki/Linde_plc [2] https://www.spglobal.com/en/research-insights/articles/daily-update-july-13-2022 https://www.spglobal.com/en/research-insights/articles/daily...