SpaceX and passives
The basic idea of index investing is that you are not smarter than the market, so you should just buy whatever stocks the market tells you are good. It is a discipline of self-effacement, but it is hard. “The market is stupid,” you will occasionally think, and then what?
The most straightforward form of indexing is that you invest in all of the public companies in proportion to their size, but the best form of indexing would clearly be “you invest in all of the good public companies in proportion to how much they will go up.” Like ...
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