[expedition32]

I am currently reading a book about the post war history of the Amsterdam stock exchange and it's quite funny reading about the booms and busts.

Although I am in my 40s I had already forgotten a lot- but yeah I was there in the 1990s. Repressed traumatic memories. Dutch consumers really soured on stocks when that house of cards collapsed.

I would say "it is happening again" but at least now we have bots who trade for us in milliseconds (although those didn't save anyone in 2008).

[chasd00]

I feel like this drama is another example of the overall society change toward the culture of victimhood. Now it's passive investors outraged about being victimized by stock market index rule changes. The answer is, if you're so upset and impacted then cease being a passive investor. But then the standard reply is "well what about all the retirement accounts and people who just can't adjust?!". Those accounts are in target date funds actively managed for risk anyway so it doesn't matter. For the people who adjust their 401k's as they see fit, well, they should keep doing that.

I feel like SP500 made the right decision because the proposed changes don't really align with the purpose of the SP500 IMO but i'm not a financial expert. The HN drama on some issues is a sight to behold.