alt Hacker NewsThe suckers being fleeced are every pension fund in the world. They're demanding the S&P includes them faster to force ETF owners to buy in before the price tanks.
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indoordin0saur • yesterday at 7:55 PM
Why are they being fleeced? If people didn't want to buy SpaceX they could buy some other ETF that doesn't include it. If there's enough of a demand I'm sure ETFs will be offered which include all the big indexed stocks except SpaceX.
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God forbid we participants in the stock market evaluate a business before investing in it, or do any sort of work to get the return we're promised.
I, for one, much prefer to earn a 9% return without expending any effort or thought at all.