Are index funds the biggest amoral pyramid scheme in existence today? It’s incredible how the prevailing advice is to indiscriminately contribute to the largest profiteering organizations. Its like encouraging everyone to go to college. No way it'll go tits up when time to retire.
I think you are making the argument-- poorly formed, frankly-- that if indexed investments become a big enough share of stock investing it will drive up the price beyond the fundamental value of equities more so than just investing individual equities.
The stock market response to "liberation day" implies that stocks don't all move together as you would expect if indexing was driving everything. Certain FANG stocks did very poorly, some mid cap or European stocks did great. The market is still trying to respond to the perceived actual value of companies, not just the expectation that more indexes will pile in and buy.
If people over invest in anything, including equities, the return on those investments will decline and bubbles will form. That can happen with the purchase of selective equities or with indexes. What Vanguard has done has probably not changed the market as much as lowering the cost to participate in it.
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Very difficult with streaming. Rdio used to have a slider to recommend more unusual music. No other service has this that I’ve found. They keep playing the same songs and artist forever.
Pandora has introduced different tunings that help a bit with this. Not a continuous slider but provides some presets to indicate how wide a net to cast in different dimensions. Normal, Crowd Favorites, Deep Cuts, Discovery, Newly Release.
I never understand why streaming services that work on subscription push some content over others. I would think if they have a monthly subscriber they wouldn't care what that subscriber is streaming as long as they are streaming.
I find this especially bad with video streaming where a service has a great library but only promotes about 30 titles all categorized under different genres.
I suppose they save on bandwidth if they can get everyone to just stream the same titles.
So true. I remember those days very fondly. There was a real community of listeners back then. Within that circle you shared albums and playlists, commented on and discussed them.
Plus, it had a persistant queue that could handle single songs as well as albums and playlists as individual items which could be moved freely. Everything I was interested in was added to the queue and I could be certain it'd still be there tomorrow. Sort of like a musical backlog.
YouTubeMusic actually has this. With its "You Music Tuner" there are a lot of configurable parameters that control artist variety and music discovery. It doesn't quite nail tuning by curation, but it's a step in the right direction.
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