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> This is already happening

Yes. When I said 5-10 years it wasn't to say that the effects would start then. That was my WAG at the time when normal, mild methods like localized YCC stop working and we should expect significant system-level problems.

For investments, I think now "buying index" will stop working well and buying chosen quality, profitable companies will work much better. My 2c.

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> For investments, I think now "buying index" will stop working well and buying chosen quality, profitable companies will work much better. My 2c.

Eh, that's what the index should be comprised of anyway, with some lags.

Or, to put it differently, nothing new: it was always much better, if you knew which companies will exceed expectations. After they do so consistently, they get included in the index eventually.

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