I would submit the only reliable method of allocating capital — by either business operators or investment managers — is to know what one is allocating capital to.
This seemingly obvious statement gets to another problem with indexing that has become increasingly apparent in the wake of looming economic destruction...A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.
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