@christine_benz@MorningstarInc Do you think people that hold these funds recognize the issue and just think “it’s worth it”
Or do they have no idea what’s going on?
@cobrastats Seems like a fairly strong negative correlation between number of unique lineups and wins.
Could be the basketball equivalent to “if you play two qb’s, you really have no qb”
@BobMurphyEcon Nothing needs to be reconciled, except maybe our understanding of probability.
Do they state that life is likely to develop? On the contrary, I believe a core point in the orthodox scientific theories is that all of this, from the bang to life to us, is unfathomably unusual.
@markcecchini First of all, using rolling returns is a much better way to get your point across than cherry picking dates.
Secondly, I’m not sure what you’re recommending. People can do a WHOLE lot worse than investing in the biggest 500 companies.
@ajtourville It’s true that NASA is at the frontier. And they should stay at the frontier.
But I don’t know why Tyson isn’t over the moon with private companies like Musk’s jumping in behind that frontier. That’s how it’s supposed to work.