The index mindset - by John Luttig - luttig's learnings
Index funds have come to dominate public markets. But the shift towards indexing is spreading across tech and culture too – I call it the index mindset.
The index mindset Index funds have come to dominate public markets. But the shift towards indexing is spreading across tech, careers, and culture too – in what I call the index mindset. John Luttig Sep 15, 2021 100 10 6 Share Through the 1980s, gut-driven active fund managers on Wall Street dominated money management and ridiculed index funds as “a sure path to mediocrity” . Sure, index funds’ fees were 80-90% lower than those of active managers, but aiming for average is un-American . Yet as active managers underperformed the index 80% of the time in the coming decades, the argument favoring
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