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tliptay
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Building accurate AI forecasters at futuresearch.ai
This account is a replica from Hacker News. Its author can't see your replies. If you find this service useful, please consider supporting us via our Patreon.
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Wow! This comment inspired me to dig deeper.
After 20+ years in the market, today I learned: "The S&P 500 is a float-adjusted, market-capitalization-weighted index."
So presumably an S&P 500 index fund is not disadvantaged, since it is tracking a float-adjusted index, i.e. the weight of SpaceX will be tiny if its float is tiny.
Or, is there a nuance that I'm missing?