This website is, to a large degree, about impeachment and impeaching bad ideas out of the worlds of finance and economics. So, here are some impeachable ideas I've been thinking about lately:
1) market Cap Weighted Index Funds are "immoral". WHAT? Here's an article on MarketWatch where someone who runs a "socially responsible investment" firm says that owning a simple index fund is "immoral". The basic argument is that owning things like gun makers or cigarette makers in an index fund makes you an immoral person. Look, this is nonsense and I explained it in