The Economist's July 11 issue has an absolutely side-splitting article .... because it is just soooo true. Not only does it skewer passive indexing, it absolutely NAILS the reality of the leviathans overwhelming the American indexes. I never stopped laughing from start to finish. Both passive indexers and stock pickers need to read this and get grounded in reality.
[https://www.economist.com/business/2026/07/08/elon-musk-and-the-age-of-the-corporate-leviathan](https://www.economist.com/business/2026/07/08/elon-musk-and-the-age-of-the-corporate-leviathan)