>Mandating
There's that word again.
401k's and mutual funds lead to complacency.
Complacency leads to disaster.
Normies won't be able to ride out a market shitstorm for 5-7 years of lower highs.
Now way. They'll capitulate when the average P/E ratio is back to under 10.
Patience seems to work; but only when it is going up. kek