Earlier quoted context omitted.
“Every index fund is different.” Say that to yourself over and over until it sinks in. Some funds were dumb ideas last year, and will be even dumber ideas next month. You can change which one you have. 50 years ago the S&P500 updated every 15 minutes, because it took that long to calculate. And that level was what it was 15 minutes ago. Would you be surprised that we can now calculate the level of very complicated in…
Profitability was an index rule removing it adds garbage to the portfolio
No longer. But it has an extremely valuable brand - did you know S&P has hundreds of indexes? Do any others readily come to mind?
It was originally supposed to be “close enough” to the entire market. We don’t need to do that anymore. But they want to, to milk that valuable brand. Profitability is an arbitrary rule for an antiquated index. Let it die.