Kudos to S&P 500. Vast majority of the world has no clue how trillions of $ from their pension funds is being funneled to the select few. Absolutely pathetic.
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I did, in fact, use words. Would you prefer heiroglyphics?
S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic
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Re: S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic
#22Kudos to S&P 500. Vast majority of the world has no clue how trillions of $ from their pension funds is being funneled to the select few. Absolutely pathetic.
> no clue how trillions of $ from their pension funds Pension funds don't tend to follow the S&P 500, much less automatically. They're sophisticated institutional investors like CalPERS [1] who dabble in everything from public stocks to private equity. It's other retirement assets, e.g. 401(k)s and IRAs, that tend to follow the S&P 500. But again, with substantial variation. S&P including these companies would have d…
In the US at least, many pension funds are not sophisticated, they're small, underfunded, and getting taken for a ride by expensive advisors who promise fantastical returns that will help dig them out of their funding ratio hole. Many would be better off using an S&P 500 index fund for their equity component instead of getting wined and dined into an illiquid, opaque private equity investment.
Telling that among OECD countries, the US is an outlier in having a much lower average funding ratio, and this despite the fantastic performance of the US stock market over the last 15 years.
Re: S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic
#23It's a risky investment, yes there's a chance it could go to the moon, but it could also plummet to earth.
Re: S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic
#24Yep!! Respect to them. I was planning to move to an equal weight index but this gives me a little more time to evaluate options.
They weight by free float so it would been something like 0.3%. Hardly the end of the world
"they only be stealing a tiny amount so not worth doing anything"
Re: S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic
#25Crazy to see the Twitter behavior here of really smart, well conveyed top level comments replied to by weird propaganda pushing bottom feeders.
Re: S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic
#26Stocks and money. It's so boring. I will go drive my old German car now, and get a bit drunk in a bottle of Nebbiolo while listening to some French lunatic with a piano. Enjoy your trip to Mars and your self driving toy cars. The world is off its rails. Bit time.
Sir this is a message board run by an US-American venture capitalist organisation; frankly what do you expect
Re: S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic
#27Yep!! Respect to them. I was planning to move to an equal weight index but this gives me a little more time to evaluate options.
They weight by free float so it would been something like 0.3%. Hardly the end of the world
Why is that relevant? The rules are in place for a reason, why does it matter what the percentage is? They're not profitable. When they prove they're worth the dollars, they can be included, per the rules.
Also, S&P500 has a current market cap of $67 trillion, 0.3% of that is some $200billion. That is essentially a wealth transfer to the rich. They don't need it.
Re: S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic
#28Major W. Regular people were going to get robbed blind.
> Major W. Regular people were going to get robbed blind Not really. One, it was unlikely to happen. The market not pricing in any rebalancing communicated that. Two, the magnitude–even for the S&P 500–would have been small. About a third of stocks are in passive strategies, about 15% in any index, and while most of that is the S&P 500, the index market is incredibly competitive. S&P made the right move. But the trag…
What was unlikely to happen? It already happened in Nasdaq. It’s nice that it didn’t for S&P but for most investors it already did happen, so I’m not sure the ‘whatever’ attitude is warranted.
Also, since when is it appropriate/intellectually OK to respond to allegations of corruption by saying ‘stop freaking out, it’s only a small amount of corruption PER PERSON’.
Re: S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic
#29Stocks and money. It's so boring. I will go drive my old German car now, and get a bit drunk in a bottle of Nebbiolo while listening to some French lunatic with a piano. Enjoy your trip to Mars and your self driving toy cars. The world is off its rails. Bit time.
What's your SKILLS.md? Is your flow multi-agentic?
Re: S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic
#30Big relief for me. As a passive investor, I want the indices to follow the same passive strategy they always have, and specifically not make exceptions for specific companies like SpaceX wanted.
Plenty of ways to get exposure to that stock without it going into the indices it is not qualified for.