Regarding the spaceX IPO. The rules have changed, I am not sure I trust my main fund (Vanguard FTSI Global all-cap) will represent the market anymore but just be a bunch of overvalued borderline fraudulent tech stocks (with the other massive ipos on the way too).
Tim Hales philosophy kind assumes beating unpredictability within a system which is set up fair. But now I don't think the system is set up fairly.
Why isn't USA freaking out it's their pension funds and 401K which are going to end up bag holding? Does anyone else think we are sleepwalking into a crisis here?