I agree with you and think it parallels the equity market a bit. Stock prices embody the market's collective knowledge, expectations, and emotions about a comp

I agree with you and think it parallels the equity market a bit. Stock prices embody the market's collective knowledge, expectations, and emotions about a company's current and future value. And to your point if you are blindly investing or blindly buying via instruments like ETFs you can end up subsidizing those with more/better information.