3 ms·
Dude who became powerful by the simplest business model in existence (buying S&P winners with other people's money, selling losers), suddenly gets to set the po
by storus 1y ago
Dude who became powerful by the simplest business model in existence (buying S&P winners with other people's money, selling losers), suddenly gets to set the policy for the rest of the world. Index funds should never be allowed to vote in corporations they own as their business model is just a simple rental of success.
- gruez 1y agoYou're barking up the wrong tree with this because index funds typically vote according to whatever the proxy advisory firm's recommendations are. https://en.wikipedia.org/wiki/Proxy_firm https://en.wikipedia.org/wiki/Proxy_firm
- deleted 1y ago[deleted]