Re:A critique of the claim that passive investing is a bubble
by fyz on Thursday September 05, 2019 @05:31PM
(#20890812)
What would said dumb money be holding if not index funds? Single name blue chips? What would the blue chip holders do in the counterfactual world where there is a big downturn?
Perhaps there will be greater correlation between names in a downturn, but then again, factor-based investing might offset some of that.
Perhaps there will be greater correlation between names in a downturn, but then again, factor-based investing might offset some of that.