Are Index Funds Communist?
3rd April 2019
An interesting thought experiment.
I was somewhat disappointed that all of the discussion was about economics, and none about morality, which is the essential criticism I make against Communism, but that’s the modern world for you.
April 4th, 2019 at 10:13
Index funds are communist cuz they keep beating human managers:
“On this view, lower returns to active management are a sign that prices are more efficient and capital allocation is getting better.”
HAHAHAHA! This is exactly why I own index funds!