Let’s get ready to tumble! Come Monday, $TSLA enters the S&P 500, as the world is aware. This is the one you will tell your grandkids about, or at least the new crop of investors, wondering what the bubble of 2020 was like. Tesla can be your example of the insanity….1/
For all of the cost-saving benefits of passive investing, the Standard & Poor’s committee that actively chooses the components for its indices will prove why passive investors are the dumb money with this coming Monday’s inclusion of $TSLA into its venerable S&P 500 index. 2/
The committee is not known for a price consciousness. It chases what’s hot and eliminates from its august roster what’s not. 3/