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That's not how pension funds work though. Pension funds are extremely conservative. They invest on horizons spanning decades. They can't just make decisions fro
by onel 4mo ago
That's not how pension funds work though. Pension funds are extremely conservative. They invest on horizons spanning decades. They can't just make decisions from one month to the next.
The very short time frame of an index accepting Tesla is the problem.
It's like telling a train "quick, make a right here"
- l23k4 4mo agoAnd how do you suppose these rules were originally introduced? Do you believe that the reasoning was particularly solid then, and is it directly applicable in the current situation?
- onel 4mo agoYes. These rules were introduced, because that's the purpose of pension funds. To invest in very long-term ideas and assets. That's their whole purpose. I'm not sure if we're debating here about the purpose of pension funds, or their strategy of investing in index funds. The first one doesn't change, the second one, maybe.