> Sometimes they're buying an index fund because they don't have the time to research individual stocks and sometimes it's their pension investing
Then they should buy a broad-market fund. The kinds in which new issues are a tiny fraction or, if it’s following something like the S&P 500, not included at all. Following the Nasdaq 100 and then complaining it has too many risky tech plays is a bit silly.
The reason you know the people complaining the most about this aren’t serious is that they don’t lead with crsp and vti.
They did change their rules, they did it fairly specifically for spacex and it did drive inclusion in a major index fund (perhaps the biggest one).
Now me personally, as a holder of vti I am good with the change and my included exposure to spacex. Further I think mostly complaining about the inclusion/exclusion of a single name in an index _defeats the point_.
But for those decrying the shenanigans crsp and vti are the example to go with.
Then they should buy a broad-market fund. The kinds in which new issues are a tiny fraction or, if it’s following something like the S&P 500, not included at all. Following the Nasdaq 100 and then complaining it has too many risky tech plays is a bit silly.