I’ve posted Entry #74 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s called Stock Pickers Compete With Other Stock Pickers, Indexers Are All in the Same Boat.
Juicy Excerpt: The investing game played by indexers is a very different game than the investing game played by stock pickers. Many indexers don’t get this. They are trying to carry rules they learned picking individual stocks into the world of index investing and finding themselves rooting for the wrong thing as a result.