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by bell-cot 5 days ago
> ... Standard and Poor one day being worth trillions ...

S&P - https://en.wikipedia.org/wiki/S%26P_Global - is a business intel & analytics firm, not an investment firm. Their S&P 500 list just one of many datasets that they manage and sell. Cleverly trying to pick future winners and losers has little potential upside for them, and could put them into direct competition with many of their customers.
1 comments
alaudet 5 days ago
It's amazing how many intelligent people don't understand this. People on the internet just like to complain. Not one single person is being denied anything, each and everyone one of us can go fill up on all the high valuation unproven companies we want to, directly or through an ETF that tracks some index that is making exceptions.
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bell-cot 5 days ago
Yeah - though I might phrase it "don't want to understand this". Which is, in many ways, a mindset which they are carefully taught. Late-stage capitalism's 0.01% need the 10%, or at least the 1%, to really believe that they should dutifully support the status quo, and "invest" as they are told to - no mental effort required - so that they can magically get richer & richer.
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