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by repsilat 2615 days ago
They also have large conflicts of interest -- they don't just own a big chunk of a company, they own a big chunk of its competitors too.
1 comments
ahartmetz 2615 days ago
Index funds are agents of their certificate owners, so no principal-agent problem. Seems fine to me.
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repsilat 2613 days ago
It's not principal agent problem, it's a competition problem. Maybe Sprint can't buy T-Mobile, but if Vanguard owns both it amounts to the same thing.
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