Political ideology and investing

[ALawPoker]

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It just seems absurd to me to think you can beat the market with anything short of inside information. But people think that way. And they're probably the same people who assume hands on political solutions work too.

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Care to explain this leap a little further?

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I think people's political persuasions are, for the most part, a function of how their minds work. I'm just saying that it dawned on me (despite believing strongly in index funds and separately in the concept of the free market for a few years) that these things are very much related. It basically hit me like a ton of bricks, when I was thinking about a "socialist" type friend of mine who has a very hands on approach to investing. I'm just saying that I think it's the same general thought process that contributes to this belief (since when it comes to public policy, the goal is also to be better off) and I'm surprised I didn't connect those dots sooner.

I admit though that what I'm saying entirely ignores the belief that equality is good in its own right. In my analogy, I am basically referring to people who agree they want more people to make more money, but think government intervention helps.


Or did you want me to elaborate on why I think it's near impossible to beat the market? What you quoted makes what you're asking sort of vague.



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To any libertarians/ACers who invest money, if your investments aren't index fund heavy, then I think you just don't know what an index fund is, and you should consider them.

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This is an exclusive tip?

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This snide comment makes it seem like you're misunderstanding what I'm getting at. I'm not offering investing advice as much as I am looking for confirmation to my theory that libertarians are more likely to invest in index funds.

Hence (erac22), why I put it in politics.

[NeBlis]

quote] You seem to be misunderstanding what I'm getting at. I'm not offering investing advice as much as I am looking for confirmation to my theory that libertarians are more likely to invest in index funds.


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Because most Libertarians are at least marginally aware of how markets work. It is the basis of the philosophy. They are also generally smarter than the average bear.

2+2= don't [censored] up w/ money