This sounds right to me. A while ago on HN someone posed a thought experiment. “What would happen if literally every investor bought only index funds?” This ma

This sounds right to me. A while ago on HN someone posed a thought experiment. “What would happen if literally every investor bought only index funds?” This made me realize that you need active investors. Trouble is that no one knows who the good ones are. And the good ones now may be horribly next year.