2018’s late equity selloff left many investors disappointed and tired of traditional index funds and passive investing. Attributing some “would be”, and “should have” arguments, and a bit of hindsight bias, some investors decided to abandon the staple $SPY, $DJI, and $QQQ index-tracking ETFs. However, taking matters into one’s own hands usually warrants table-flipping reactions from professional investors to academics as they say in unison “passive investing outperforms active investing returns”. Turning to fixed-income may be one solution, but bonds were only slightly better underachievers. Moreover, passive investors are right