Comment by gruez
14 hours ago
If you have evidence of corruption, present it. Otherwise it's just generic cynicism leading to a thought terminating cliche.
14 hours ago
If you have evidence of corruption, present it. Otherwise it's just generic cynicism leading to a thought terminating cliche.
At this point in US regulatory oversight I would have a harder time finding evidence of no corruption.
Then present your evidence, so we can have a substantive debate and draw informed conclusions.
My evidence of no corruption?
I can’t find any because the admin is so horrendously corrupt.
Why else would they change the rule ?
> Why else would they change the rule ?
These indices aim to replicate the market. They’re not trying to pick stocks.
There is a serious argument for saying they fail to replicate the market if they structurally exclude trillions of dollars of it.
It defeats the purpose of the value setting part of the IPO if there are guaranteed buyers. It would be better for the market and for the indices if they only hopped onto new entries of the market after any initial instability has passed.
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They also exclude many other things that are of economic value, because they could cause structural or social harm in the markets.
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Because they think that a lot of people will want to get in on the historically massive and well-known companies, which would lead to outflows if the index doesn't pick them up fast enough?
It will lead to outflows either way. And I say that as someone who has been an Index fund evangelist for years, strongly considering selling my index funds to build my own collection of companies that I believe in long term.
So why not just stick to the roles we agreed on when buying in?
I think deep cynicism is the correct mindset to have in the current financial/political climate.
I find it to be genuinely more likely some level of corruption, and while my insinuation may be overly specific or illustrative, I still hold to it as an ironic statement meant to speak the truth.
In this age of AI marketing taking over the minds and imaginations of most of our businesses leaders in the name of greed and fear, I’ll hold to the more likely truth given the circumstances, regardless of this appeal to some invented tale of uncorruptable corporate governance. Have you never seen decisions being made?
I think that better matches the original spirit of this forum. The progenitors have become the people they once disrupted.
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