Index funds are agents of their certificate owners, so no principal-agent proble... | Hacker News

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		ahartmetz on April 18, 2019 \| parent \| context \| favorite \| on: Facebook shareholders are getting fed up with Zuck... Index funds are agents of their certificate owners, so no principal-agent problem. Seems fine to me.

repsilat on April 19, 2019 [–]

It's not principal agent problem, it's a competition problem. Maybe Sprint can't buy T-Mobile, but if Vanguard owns both it amounts to the same thing.

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