They all hold index funds and index funds buy this because they buy based on a predetermined algorithms. There is no human in the loop. The pension funds are using our money. You are cheering Elon and the Epstein gang robbing us blind. Get financially literate or get scammed.
It is more that a lot of them are tied to a specific stock market that has guardrails against new companies coming in and causing massive swings, but those markets made exceptions for AI companies for no logical reason.
They all hold index funds and index funds buy this because they buy based on a predetermined algorithms. There is no human in the loop. The pension funds are using our money. You are cheering Elon and the Epstein gang robbing us blind. Get financially literate or get scammed.
It is more that a lot of them are tied to a specific stock market that has guardrails against new companies coming in and causing massive swings, but those markets made exceptions for AI companies for no logical reason.
But being financially literate wouldn’t stop them from stealing your pension.
Get class conscious. Then murder these people