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by quickthrowman 2227 days ago
> With Index funds, we all have to trust that S&P is doing the right thing.

No, you don’t. Here is the document that outlines how the S&P 500 is calculated: https://us.spindices.com/documents/methodologies/methodology...

> Managed versus index is to me, open source versus closed source.

This is also backwards, indices are transparent and open while managed funds are not.