Vanguard and other index players were over allicating to stocks that had low float, like ama on or mike iof torcisco or dell. The single best performing factor was what we used to call insider ownership. Too many dollars chasing too few shares in 19 99. And so the conflation of those dynamics are at the mix of technology and the lo float factor,. led to out performance of technology, led to money flowing into technology funds. That is a change that occurred in two thousand. We restructured the induces in two thousand four, did so relatively quietly with very flawed analysis about the impact of it. By and large, i concealed what the dodcom cycle really

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