[adios]

I don't often buy the representative shares of the S&P 500 like SPY and such. With that said, the idea of indexing is a good one IMO. Indexing is a way to realize the equity risk premium via long term buy and hold (we're talking long holding periods here) because you're buying a proxy for the valuation of the stock market as a whole. Thus the market cap weighting of the S&P 500, because it is representative of the valuation of the entire U.S. stock market. Plenty of ways to buy price weighted type investment vehicles. I like Louis but this is alot of 20-20 hindsight IMO. I do want to say though that I do appreciate you posting this for discussion.