On: Index Funds May Work a Little Too Well

[tobltobs]

Like only buy the ones whole will go up in price?

[pbreit → tobltobs]

My guess is that if you back test a few simple filters that you could find a point or 2.

The main differences between an index fund and active management is indexers reveal their portfolios and don't trade as much.

[eru → pbreit]

Arbitrage opportunities disappear when people exploit them. The markets are `anti-inductive'.