Words similar to akst
Example sentences for: akst
How can you use “akst” in a sentence? Here are some example sentences to help you improve your vocabulary:
Although his criticisms in "Passive Aggressive" are right on the mark, Daniel Akst need have no fear of the free-riding index investors who strive for mediocrity by investing passively.
Daniel Akst responds: It's possible that, as at least one other reader has suggested in "The Fray," if indexing goes far enough, the marginal returns to research will become so great that research will pay, the market will be made efficient, and everyone will live happily ever after.
Akst is perhaps confused by the following two truths: 1) If everyone researches the market, an individual should passively index invest; 2) If everyone passively index invests, an individual should research the market.
Since no one does any research, shares in Microsoft will sell for the same price as shares in the Imafraud Gold Mining Co.--hence the evil of index investing according to Akst.
In "Passive Aggressive," Daniel Akst is wrong to think that index investing is an example of the tragedy of the commons.