u/Important_Fennel4636

Passive doesn't mean neutral; it means you’ve outsourced your allocation to a methodology. That methodology has turned a supposedly diversified portfolio into an increasingly concentrated bet on duration-sensitive, high-multiple assets.

Curious how you guys are thinking about this in your own allocations: Are you sticking with cap-weighted index funds to make sure you don't miss the right-tail compounding, or are you tilting toward equal-weight and individual stock selection to avoid the valuation sensitivity?

So if Reddit signs a usage based licensing deal (which is highly likely as their CEO stated the negotiations being 'complex') with Google and OpenAI, reddit is undervalued? What do you guys think?