Yes. But you get ripped off less in an index fund since in general, they are also run by algos within other algos that just rebalance to match whatever they're

Yes. But you get ripped off less in an index fund since in general, they are also run by algos within other algos that just rebalance to match whatever they're tracking. The idea if you're an investment firm is that index funds can hide risky investments: they're often large and they're often not highly leveraged. In reality, index funds are the safest way for individuals to make money in the market because you're placing a bet on the economy as a whole.