ajbarefoot on Nostr: In that vein, I think the commonly pushed strategy of just buy a broad based index ...
In that vein, I think the commonly pushed strategy of just buy a broad based index fund automatically in your employer sponsored 401k (basically the Dave Ramsey and John Bogle sermon), has probably been good for individuals in that they have a predictable rate of return and encourages saving, but has been terrible on the aggregate scale, because it has led to terrible misallocation of capital to public companies that shouldn’t warrant it
Published at
2024-10-04 13:29:42Event JSON
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