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I'd place my bet on "fool effect", but extend it to all the "newbie-friendly" investment advisors. The Fool is not the loudest or largest proponent of VFINX. Listening to such advice, the great ignorant masses have merely replaced one kind of ignorance ("do whatever the broker says") with another ("even if you don't understand stocks, just buy S&P 500 and your future is assured").

Does anyone know what percentage of stock ownership of S&P 500 companies is held by index funds?
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