We detached this subthread from https://news.ycombinator.com/item?id=48364986 and marked it off topic.
I can’t find any because the admin is so horrendously corrupt.
These indices aim to replicate the market. They’re not trying to pick stocks.
There is a serious argument for saying they fail to replicate the market if they structurally exclude trillions of dollars of it.
The indices don't buy into the IPO, but a few days afterwards. That's obviously easier to bridge than 6 months. But IPO buyers are still taking a risk.
Which index are you thinking of?
Most of these indicies intend to match the largest companies on the market - going up when they do and going down when they do.
If someone doesnt want that, they can pick a different index or invest in a managed fund. Companies like vanguard also offer custom EFTs where you can exclude certian companies if you want - probably the simplest option.
But then you cant complain if they go up and you miss out.
PS: Yes, there are several cannabis ETFs if you are into that kinda thing. look into MJ, WEED, MSOS, and YOLO.
So why not just stick to the roles we agreed on when buying in?
In this age of AI marketing taking over the minds and imaginations of most of our businesses leaders in the name of greed and fear, I’ll hold to the more likely truth given the circumstances, regardless of this appeal to some invented tale of uncorruptable corporate governance. Have you never seen decisions being made?
I think that better matches the original spirit of this forum. The progenitors have become the people they once disrupted.
These wives were yoga teachers and socialites. And I say that as a man that is a feminist and upmost respect for the amazing women I have worked with that were absolutely world renowned professionals. The bankers wives were not in that category and were shells to eliminate the “conflict of interest”. The CEO of Goldman Sachs did this. You can find the records if you want to be on a government watch list.
It’s depressing as hell, and it’s going to go out with the proverbial whimper, but at least we’ve got to be close to rock bottom, right?
You need to vote for the next several years, no matter what, because you still have a chance.
Once corruption becomes the default, then you are REALLY screwed. Because it kills hope and the faith in the future in the most corrosive way possible.
The death of morale is a far worse and insidious fate that will make today look like a high point.
Of course I’ll vote, and be more active in protests and campaigns, but TBH the general vibe is that it’s already too late. It’s that bad.
What I find odd is that the comments are critical of how the police didn't caught thieves, but there is absolute silence towards thieves and the fact they have been engaged in thieving for ever.
Another comparison is people blaming the fire department for not inspecting sprinklers after an arsonist torched the place. It seems to me that the arsonist is the root cause, isn't it?
Police are only useful so long as they are effective as policing. It’s insanely difficult to put a price on a cost center which doesn’t add value, but only has a chance to reduce the loss of value if they do their job well.
The problem with the fire department analogy is that there’s a lens through which the fire department IS the arsonist here, or is at least pouring accelerant at the future site of the arson. If you don’t know why I would call the bankers at S&P, Nasdaq the arsonists in this case, you aren’t equipped with the background info about SpaceX’s fast track + goalpost moving to index funds.
I guess we should be thankful there aren’t more Luigi jokes in the comments.
This seems to be the problem. Thieves get a free pass but the very few guardrails that said thieves haven't dismantled yet suffer the blunt of the criticism, to the point people argue they don't need guardrails at all.
Don't you feel you are unwittingly aiding thieves to go unpunished?
Wouldn't it be more productive to place the blame on thieving? Police is a mitigation, and your complain boils down to complaining that police is influenced by thieves. Yet, I don't see people complaining about thieves.
The "bureaucracy and regulators" are at most engaged in passive corruption.
For passive corruption to exist, you need massive active corruption effort.
Why is everyone focusing on vilifying passive corruption while completely ignoring active corruption? I mean, I'm hearing lots of conspiratorial remarks directed at regulators but... Who stood to benefit? Aren't those responsible?
I mean, why was regulation required to begin with?