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When they go public, given their valuation, anyone invested in index funds will be buying. That’s your pension funds, your 401ks, etc.

When they’re unable to meet their… *checks notes*, $895,400,000,000.00 in commitments, what do you think will happen to the people that bought at IPO prices?

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> When they go public, given their valuation, anyone invested in index funds will be buying.

But that's not today. Even if/when they do go public, those pension funds are choosing to invest. They're not forced to invest. People buy S&P500 indexes because they're convenient. They're not forced to invest in indexes.

They'll get bailed out.

Retail is a small part of those index funds, and the wealthy won't be happy with losing paper value.

Okay, if that happens... Are you seriously unaware where the money comes from? Because then his point would be even stronger, after all: who picks up that bill? Exactly the government, which is financed by the working class, not by the asset holders.

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