The broad market has crashed
But the index has largely absorbed the impact due to the Mag 7 positions not collapsing together
This is a unique situation
But it also means that the vast majority of people should just be buying a market weighted ETF and not even try and beat the market
And it certainly means there is no use for portfolio managers anymore.
🪨It's not all that widely known, but Britain has one of the world's biggest tungsten resources.
And tungsten is one of the world's most important metals. Problem is, the mine has been out of action for years.
You may recall our film on this last year👇
Well now, some news...
@mhewson_MCH And this is where culture is important and needs to be embedded long term from gov. You only need to look across the pond to the States to see it thrive
@TheLongInvest Personally this is always a meaningless stat given institutions have to hold them if they run passive models. Genuinely active over weights is key unless im mistaken
.@Wise - 4 days later and my transfer is still 'under review', with no way to cancel, and an automated chat service that can't seem to help at all! What is the point of your service?