0 sats \ 1 reply \ @k00b 20 Sep 2023 \ parent \ on: Have You Ever Wondered How BlackRock Rose To Power? 🧐 meta
It is the most reasonable way (excluding us weirdos into hard money stuff).
Michael Burry articulated concerns with passive investing that I only emotionally suspected.
Maybe they've somehow made it a sound system. It's corporations that are levered up now and they are credit worthy so long as they don't starve retail. Corporatocracy is probably a quasi-stable nightmare.
write
preview
205 sats \ 0 replies \ @elvismercury 20 Sep 2023
Good article.
He warned the flood of millennial money into index funds and ETFs was fueling unsustainable valuations and putting the stock market in a precarious position. "Parabolas don't resolve sideways," he said.
Although this:
"People are missing the boat," he added, noting that he expects the best active managers to consistently trounce the market.
Here's my guess: Peter Lynch defines "the best active investors" as "the ones who trounce the market" and therefore the statement is non-falsifiable.
reply