"Buy the dip" sounds like smart investing — wait for prices to fall, then pounce. But 60 years of evidence reveals the strategy underperforms passive investing more than 60% of the time. Here's why waiting for the perfect moment costs more than it saves.
When Cathie Wood declared index funds "a form of socialism", she joined decades of active managers attacking passive investing on ideological grounds. But proxy voting data reveals something awkward: ARK voted with management 99.2% of the time versus Vanguard's 98.5%. We examine the evidence on index fund governance, ARK's performance record, and why "passive investing destroys capitalism" rhetoric intensifies when active managers underperform.
Robin Powell
Oct 29, 202510 min read
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