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You aren’t tracking the whole market. An index is a subset. Even total market indices have weightings which embed biases. And the whole game has been reverse engineered by charlatans to dump crap into rivers of blind money. If think capital offerings aren’t designed explicitly to target index inclusion criteria then you aren’t in on the joke.

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> And the whole game has been reverse engineered by charlatans to dump crap into rivers of blind money. If think capital offerings aren’t designed explicitly to target index inclusion criteria then you aren’t in on the joke.

This is an interesting and plausible take, just wondering if you have actual published resources on that or is it your personal, arguably justified hunch?

Just talk to VCs, CFOs, and their bankers around offerings. Targeting say the Russell 2k inclusion criteria is an explicit part of the roadshow pitch.

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