Trade any asset, any time, anywhere. @Blockhouse_Cap
New York City
Joined October 2026
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Blockhouse Archives retweeted
Owning the S&P 500 is not “passive”!
If you own the S&P 500 about 30 million employees work for you — you’re bumping into them as you walk down the street.
With Vanguard’s global equity index, it’s about 120 million employees working for you.
The average billionaire has concentration risk in individual stocks even when the median stock doesn’t beat cash (eg in the past in the 5 years even storied companies like Tesla didn’t beat cash, neither did Bitcoin).
So a market portfolio investor has wealth growing at faster rate going forward than the average billionaire! An extraordinarily good situation for ordinary people!
You buy one ETF for almost no fees, have 130 million people work for you, do nothing, beat the average billionaire. What an amazing system. And very American imo.
Numerai (@numerai) founder and CEO Richard Craib (@richardcraib) on why buying the S&P isn't really passive:
"...the market portfolio is amazing. It's like my favorite thing. One of the things I don't like is that people call buying the S&P passive investing because it really hides the ball."
"...in reality it's actually you've got 500 of the world's best CEOs to actively manage your capital all day, every day."
"So why do you think the market portfolio is boring? That's almost sci-fi level amazing."
