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A comment on S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic. Parent comment

Re:S&P 500 rejects SpaceX, also blocking entry for OpenAI an... by zerobees on Saturday June 06, 2026 @08:21AM (#48424312)
I get what you're saying, but I think there's a contradiction between wanting to be a passive index-fund investor and having opinions like that. The core tenet of index investing is that the market knows better than you.
[ Parent | on HN ]
Re:S&P 500 rejects SpaceX, also blocking entry for OpenAI an... by aloha2436 on Saturday June 06, 2026 @10:12AM (#48425322)
Plenty of active funds also give you roughly market returns, and it's not very difficult to do the same if you're investing for yourself. The important differentiator for index funds is that they have extremely low fees and take up none of your time.
[ Parent | on HN ]
Re:S&P 500 rejects SpaceX, also blocking entry for OpenAI an... by lokar on Saturday June 06, 2026 @10:44AM (#48425613)
That's simply not true. The core tenet is to buy mechanically according to some rule. Many indexes are not "the whole market".
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Re:S&P 500 rejects SpaceX, also blocking entry for OpenAI an... by alsetmusic on Saturday June 06, 2026 @11:37AM (#48426048)
They appear to know more than you, too. They know not to change rules that have protected their investments for a chance to get into a risky bet on the ground floor.
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Re:S&P 500 rejects SpaceX, also blocking entry for OpenAI an... by outside1234 on Saturday June 06, 2026 @10:20AM (#48425398)
The S&P 500 has had these requirements for decades and the approach has worked. This is really a statement that they aren’t going to change what worked so that a few billionaires can manipulate it.
[ Parent | on HN ]