Dan Bortolotti

I think this is a really good reminder too that when you own the whole market, you don't have to worry too much about FOMO because I'd made this argument with people before who say they want to diversify more by buying crypto or AI plays or whatever it is, even real estate.

These are things that are not necessarily directly represented in the index.

but they are indirectly just by, I said a minute ago or earlier in the episode that the index isn't really designed to represent the economy.

It's designed to represent the stock market.

The stock market is a proxy for the economy.

It doesn't always map it directly, but the idea is to this point here, if you own the total market, you already own a big chunk of Amazon, Microsoft, and NVIDIA, and therefore you also own a big chunk of OpenAI.

There's not a lot more you can do other than own virtually every public company that's available.

And when you do that, you know, by trickle down, sort of own a little bit of just about everything.

As long as you're okay with that, yeah, sure, you can over-concentrate in one or the other stock or sector.

But if you just want a little bit of exposure to everything, buying the total market index is still the best way to do that.

I don't know, man.

Not so easy.

It's hard enough to pick public companies.

It's harder to pick private ones where there's less information available to make those decisions.

That's it.

Good discussion.

And I think a nice elaboration on the original video.

I think we took it in a few different directions that were pretty productive.

All right.

So this one is titled valuable and insightful podcast.