Steve Bradley on Substack

[Steve Bradley]

Important observations that answer concerns I've had about everyone investing at the mean. Where did the P/E ratios, evaluating products/service potential of companies, and so on go? I've been surprised even my finance professor friends suggest index investing (perhaps for general investors as you note) rather than having some more nuanced decision making on investing. If the advice they give is general knowledge, doesn't it diminish the expertise a finance degree offers? Any legitimate concerns about monopoly of the big tech companies driving public markets have to be weighed against investors pushing them into a "too big to fail" category. The consequences of outside actions that harm performance would have significant spillover to the majority of retirements savings managed by lazy institutional investors - including mine!