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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Macroeconomic Trends & Risks
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Author: AdrianC ⎊✹  😊 😞
Number: of 4581 
Subject: Re: Golden Age of Fraud
Date: 08/03/26 11:17 AM
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No. of Recommendations: 4
Chanos blames passive indexing

And yet, at the end of the interview:

Advice to young people looking to build out their portfolios:
"Keep it passive...most professionals don't add value...better off keeping your costs down and saving as much as you can and just putting it in the market at a young age".

"...with the bulk of your capital put it in index funds and just let it grow".

Buffett has said the same, of course.
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