Am I stupid this morning or something? Somebody please tell me how
“… to direct capital to its most productive end, facilitating sustainable job creation and a rise in the aggregate standard of living.”
is WORSE than Marxism. Because to me, it sounds like perfectly unbiased, no political agenda, investment. Investment in proven winners.
I got thrown trying to figure out what a nihilistic approach was. Because investing without a moral compass would seem to mean investing in profitable companies without regard to the products they make. So buy stock in defense contractors and morning-after abortion pill makers, snuff porn and holy water filter makers, IF they’re making money. Which sounds very much like active management. Unless nihilistic is used here to mean a thoughtless shotgun approach; throw buckets of money anywhere and hope some sticks. That’s beyond Passive, that’s Stupid.