FYI: Vanguard’s John Bogle didn’t know it at the time, but when he created the first index fund in 1975 he unleashed a monster.
Stock index funds have grown so popular that they now command $4.6 trillion in assets. That might seem like a good thing. After all, index funds have “democratized” investing and simplified the process for the average person.
But the truth is that index funds have gotten so big that they now pose a major risk to our economy — and even to capitalism itself. Here are three reasons why.
Regards,
Ted
https://www.marketwatch.com/story/your-love-of-index-funds-is-terrible-for-our-economy-2018-12-10/print
