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by lesuorac
2 days ago
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Yeah but Matt Levine is wrong. 1) Index funds and ETFs are highly active. They're just low-cost due to largely algorithmic decisions but at all of the edge cases manual _active_ decisions are made. IIRC, in this podcast Vanguard goes into detail about all of the active decisions they do [1]. It's long because uh, they do a lot. 2) You're in the index fund game because "you liked that index". There are literally thousands of ETFs. Saying "you want the market" is just wrong, you wanted a specific slice of the market and if the ETF changes the slice under you then that feels like a bait and switch. [1]: https://www.youtube.com/watch?v=hQVz_VGJNnY |
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