
Are ETFs Killing Future Stock Market Returns?
Trillions
The S&P 500 Isn't Even Passive
The true benchmark would be you hold a market value weighted portfolio of all the world's risky assets, right? And I think we can all agree that the S&P 500 is not that not even US equities is that right? So in theory, you'd have to have exposure to a Chinese real estate or I don't know what, right? This is true passive in the textbook and anything that's labeled passive these days is very far removed from that. Most of this is just high cost to low cost. Well, it makes it passive. That's fair. Was 90 basis points at best. Um, it's because it's free. That's why it's a big deal
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