Comment by paultopia

So the next question becomes: is there anything out there that’s like an almost-index? Like something that acts like a passive index fund, except when acting like an index fund would be obviously idiotic (for e.g. if following the rules suddenly becomes “invest everything in Elon Musk and pray he doesn’t bankrupt you with a tweet), the person in charge has the discretion to say “doing that would be stupid, no?”