I think that really just means that the market has changed and you're no longer for this market, rather than that new companies are not for public market.
Market is literally made up of the companies and people that participate in it.
Market is literally made up of the companies and people that participate in it.
One of my gambling portfolios is full of high growth semi-conductor stocks like AMD and MU, and SaaS stocks like CRM and HUBS. I have triple digit returns for the past couple years.
Projecting your subjective investing preferences, risk vs return, onto someone else doesn't work. If someone is only comfortable investing in very low risk assets that will always produce a low return, there is absolutely nothing wrong with it. It strictly comes down to what you personally want out of the total equation.
The biggest gains and losses, of course, obviously come from individual stocks (and options, if you're feeling brave.) You're not going to see triple digit yearly returns with a mutual fund. You might find it on the next SaaS growth stock.
When you're young, you should absolutely take on some risk. (That includes working at startups!)
So I wouldn't want AMZN or NFLX in my index funds. NFLX just dropped dramatically in price, yea? So I bought it outright. I still have the bulk of my investment in index funds, though.