On: Index Funds May Work a Little Too Well

[ethbro]

I understand what you meant, but wealth being created at the top is a bit charitable. Let's call it like it is: it's reallocated from consumers (vs. a more competitive market) and from shareholders (vs. a more competitive management landscape).

Regulatory capture should have a management capture analog. ;)

[eitally → ethbro]

Yes, you are of course correct. :)