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Index Investing Makes Markets and Economies More Efficient
FYI: U.S. equity index funds have grown dramatically in recent decades, from a negligible $500MM in assets in the early 1980s to a staggering $4T today. The consensus view in the investment community is that this growth is unsustainable. Indexing, after all, is a form of free-riding, and a market can only support so many free-riders Regards, Ted http://www.philosophicaleconomics.com/2016/05/passive/
