Mutual funds differ in their investment targets but more and more they are just indexes and in aggregate they essentially bet the entire market all the time. They must do this because of their size and inability to hold to much in any individual stock. Does this not turn the stock market and Wall Street into a total sham or time bomb when there is no real connection between investment and business fundamentals. This is not the question of dart boards this is the question of an unending river of money showering down on firms fortunate enough to get into the listing. In general firms do not pay dividends. Clearly this is nation trying to subsidize its base of firms but what does it do to consumers? Is this not a Ponzi scheme?