[derriz]

Investing in the (broad) index doesn’t promise a positive real return. It promises lower volatility than any stock picking strategy. If you want exposure to the Japanese economy, then index investing is still the right choice if you want to maximize return for a given volatility.

[EVa5I7bHFq9mnYK]

It depends on the % of investors that are in those broad indexes. If too many people flock into them, they become more risky than an average stock. And stocks in indexes become overvalued compared to stocks not in indexes.

[silverquiet]

If you’ve got a stock picking strategy that promises a real return, I’m all ears. As far as I know, the market makes no promises period.