When companies have now started to go into debt to buyback shares and artificially raise their EPS, who are they targeting? The people who are actively evaluating what they're buying, or those asleep at the wheel buying index funds?
Index funds might have been a good investment in the past, before wallstreet has figured out how to exploit it like they're doing today.
Index funds might have been a good investment in the past, before wallstreet has figured out how to exploit it like they're doing today.