Re:The SpaceX IPO Will Be the Theft of the Century
by Nykon on Thursday June 04, 2026 @02:48AM
(#48394974)
I doubt your sentiment. Index funds are for people who don't want to know about the details and put the work in. They go by general recommendations.
Now the underlying rules got changed, undeniably in favor and through pressure of few individuals.
Where I come from, we call that a rug pull
Re:The SpaceX IPO Will Be the Theft of the Century
by l23k4 on Thursday June 04, 2026 @03:08AM
(#48395145)
> Index funds are for people who don't want to know about the details and put the work in. They go by general recommendations.
Oh yes, all those poor giant institutional money managers who don't care about the details would be so shocked if only someone told them about this "rug pull".
>Now the underlying rules got changed, undeniably in favor and through pressure of few individuals.
This is ridiculous. The entire purpose of index funds is to reflect the market, the rules are being changed to enable the funds to better reflect the market.
Basically everyone who wants broad index funds wants this. If you don't want this, you simply need to look for a different product.
Observe that almost all the complaints about what the indices are doing originate from outside of finance. It's very telling that the people who are complaining are not the ones putting their money where their mouths are.
If market participants didn't like what the indices are doing, they would simply reject it. Market participants absolutely do want this.