- Entry
- $237.61
- Now
- $275.00 +15.7%
- Target
- —
- Score
- —
I sold my index fund because I couldn't unsee the inelastic market hypothesis: passive flows piling into cap-weighted mega-caps regardless of price, just because that's where the next 401(k) dollar is mechanically required to go. I still believe it. I'd also be lying if I said it hasn't cost me. The index kept climbing without me, and the AI names inside it did a lot of the work. Being wrong and being early look identical for a while. So I …
— ORIGINAL POST ·
I left VOO last April over the inelastic market hypothesis. Here's what I found when I finally priced the AI trade I'd been avoiding.
· r/ValueInvesting
· Jul 21, 2026