Scott Stevenson
@scottastevenson
AI for Contracts: @SpellbookLegal
가입 November 2009
7.1K 팔로잉 중 24.3K 팬
Passive investing feedback loop. More and more money will flow into the largest caps based on weighting math. If you buy a weighted S&P500 index fund, 20% of your money is going into Apple, Microsoft, Nvidia. The “500” part is an illusion.
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S&P 500 looks nothing like the "stock market"
Nearly half of the index's members carry a negative beta to the index itself.
