The entire system just helps big companies become even bigger and even more anti competitive. Even just due to their existence (being large and existing). Passive investing is good for the general person but also makes this concentration worse and keeps capital away from smaller companies. We need some way to make the small and medium portions of the economy work better.
This is related to the somewhat troubling fact that globally, shares held exceed shares issued by about 50%. (And before you flee to gold, gold held exceeds gold in existence by about 100%.)
US companies have great reporting. Every quarter you get a nice report with GAAP numbers. In Europe, for example, reporting is less frequent and murkier. Reports often don't even include standardized net earnings.
Top US companies like Microsoft, Google, Apple, Nvidia, Tesla, Meta, all have intelligent, driven, forward looking CEOs. Most other companies have CEOs asleep at the wheel. Can anyone name a smaller public company or a public company outside the US with a highly driven, forward looking CEO?
ETFs are really just mutual funds with better liquidity and more opportunity to trade. I don’t think it should be shocking that they hold so many assets since mutual funds hold an enormous number of assets as well.
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[ 1.0 ms ] story [ 29.4 ms ] threadUS companies have great reporting. Every quarter you get a nice report with GAAP numbers. In Europe, for example, reporting is less frequent and murkier. Reports often don't even include standardized net earnings.
Top US companies like Microsoft, Google, Apple, Nvidia, Tesla, Meta, all have intelligent, driven, forward looking CEOs. Most other companies have CEOs asleep at the wheel. Can anyone name a smaller public company or a public company outside the US with a highly driven, forward looking CEO?