Is there a bubble in passive investing
the big short movie example
Beware of people talking about low cost, index investing, benchmarking to indexes, etc
Most people have no idea how the index returns are calculated
In index funds there is investing going on
How can you have a bubble?
1999
the nasdaq took over as the index for favorites who wanted to own technology businesses
market cap weighted like the S&P
a bubble bursts because there is only so much money that can flow into stocks
The trade war and trade dispute; economies not getting along
A bubble could bust; looking at the index itself
Talking about the investment stress test as a tool for those invested in indexes
September 3, 2019