I was specifically not discussing whether S&P would be right to change the rules. As I said, there can be good and legitimate reasons for such change; I'm not disputing it.
The point of your previous comment was a critic against individual passive investors, accused of backtracking and betraying their own credo. This is what I was reacting to.
I was specifically not discussing whether S&P would be right to change the rules. As I said, there can be good and legitimate reasons for such change; I'm not disputing it.
The point of your previous comment was a critic against individual passive investors, accused of backtracking and betraying their own credo. This is what I was reacting to.