@CathieDWood Passive/index investment is simply an amplifier of active investment. If active investment signal degrades in quality, passive is proportionately impacted.
Also, if there are very few actual active investors, their decisions can greatly increase company valuation volatility.
@CathieDWood被动/指数投资只是主动投资的放大镜。如果主动投资信号质量下降，被动投资信号将受到相应的影响。
此外，如果实际活跃的投资者寥寥无几，他们的决定可能会大大增加公司估值的波动性。