Transcript (en)

These index funds now are, whether they like it or not, because their capitalization weighted, hold in excess of 35 percent. It was 42 at one point that are AI tech related. So you're soaking in it whether you like it or not. If you own an index fund, you're along NVIDIA, my friend, right? And you're along it in a consequential way that were you to build that portfolio from scratch, your husband or wife would kick you in the ass and say, dude, what are you doing? Why do we own so much of this? I thought we were in something more diversified. So because it's inside of a wrapper, people make decisions they might not make otherwise because it feels safer. It's an index fund, right? I mean, it's not just this single thing. It's all across. And then it gets even more insidious because the index funds must buy and sell on the basis of capitalization, right? That's the nature of a market cap weighted fund. If you enjoyed this, be sure to hit that like button and follow to stay up to date with what's going on in the world and everything else memes and markets. Peace.