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by marcosdumay
2552 days ago
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Active shareholders are happy to see their stock value rise to unsustainable levels and then selling them to the next suckers. Passive shareholders, well, don't participate on decision making. Expect this feature to get worse with increased share of index funds. But not by much, because most people never were active anyway. |
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That's not true, fund managers vote on behalf of those shareholders, and not always go along with the board's position. See for example Vanguard's voting record: https://about.vanguard.com/investment-stewardship/how-our-fu...