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Even that is open to massive bias. Who would vote to curtail the 7 tech giants when their own portfolio is basically the SP500 those companies dominate?
by Mistletoe 11mo ago
Even that is open to massive bias. Who would vote to curtail the 7 tech giants when their own portfolio is basically the SP500 those companies dominate?
- bradhilton 11mo agoThe SP500 is probably the most popular investment in America, perhaps aside from housing. Wouldn't hurt to have lawmaker's fortunes broadly aligned versus narrowly aligned with specific corporations.
- Mistletoe 11mo agoThat can go very poorly like in 1929, 1965, 2000, etc. and it is going to go poorly again and show everyone why it is a bad idea. https://www.currentmarketvaluation.com/models/s&p500-mean-reversion.php https://www.currentmarketvaluation.com/models/s&p500-mean-re...
- throwaway2037 10mo agoWhenever the S&P 500 craters, it is the best time to buy. Warren Buffet talks about it all the time: "Don't bet against America." There is no other large rich nation on Earth with such a dynamic economy. That (partly) explains why the US can bounce back so quickly (compared to other countries) from devastating economic downturns.