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qlte • today at 2:32 AM • 1 reply • view on HN

That's the idealized version. In practice, there are millions of people who never "chose" to invest but because of index funds have a significant portion of their retirement savings in companies lacking any real governance or oversight from the board that ostensibly represents their interests.


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zmgsabst • today at 3:00 AM

How do they have index funds?

When you buy a fund, you’re choosing its management strategy (including about votes). If you don’t feel a fund represents your interests well, don’t buy it.

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