>index providers will have to decide: Are they in the business of giving passive investors exposure to all the stocks that the market thinks are good, or to all the stocks that the index committee thinks are good?
>There’s only one plausible answer.
Can you explain why your theory is better than the one widely believed by people who actually work in the financial industry?
My theory is better because it isn’t ignorant of the billionaire dynamics in play.
I'm not criticizing bloomberg, i'm criticizing you for posting paywalled links to support your position in an open discussion.
Given I'm bailing on this convo now because hackers news is a shite application getting in the way of people trying to talk, let me respond to our sibling thread with the closet thing my opinion has to evidence: https://fred.stlouisfed.org/graph/?g=smH. IMO we remain at an all time high of financial flimflammery as a portion of our GDP and there have been a number of recessions triggered by the financial sectors malfeasance during my lifetime because of it.
Yet, somehow, no journo in the worlds leakiest industry has been able to break this massive-if-true story.