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TSLA is in the S&P 500 index so large numbers of people doing index investing own shares of it without thinking hard about its individual performance.
by JuniperMesos 10mo ago
TSLA is in the S&P 500 index so large numbers of people doing index investing own shares of it without thinking hard about its individual performance.
- next_xibalba 10mo agoYes but are those the marginal buyers and sellers that drive price movements? Most people in index funds are probably not flitting in and out of index positions at anything approaching even medium frequency.
- lawn 10mo agoIndex investing doesn't steer price, it simply follows it.