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Does the rise of index funds spell catastrophe?

Photo illustrations by Tyler Comrie. Source image © 0shut0/iStock

Money—where it comes from, where it goes—was on my mind as I drove from Brooklyn to Philadelphia last fall, a Friday the thirteenth. I spent most of the trip on a Zoom call with my wife and our doula, discussing what combination of night nurses, babysitters, and nannies we’d need come the birth of our twins, our second and third sons. Nary a dollar figure was uttered, seemingly out of respect, just as those attending a funeral avoid naming the actual cause of death.

Still, I wondered what…

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June 2024

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