If you're going to do a post on index funds...

If you follow the financial press at all, be it the Financial Times, The Wall Street Journal, Business Insider, CNBC, CNN Business, Patrick Boyle, or Morningstar, there are two things you've heard over and over about the SpaceX IPO: the current valuation is absolutely insane based on the fundamentals, and a huge number of passive investors are about to be forced to buy the stock.The potential undermining of index funds, without question the most important innovation of the past 50 years for democratizing investments, has gotten so bad that Burton Malkiel, the author of the 1973 classic A Random Walk Down Wall Street, has, at the age of 93, taken to the pages of The New York Times to argue that, as bad as SpaceX is as an investment and as reprehensible as Elon Musk is as a person, the concept of index funds is still worth saving. Given that so many millions of Americans are suddenly having SpaceX shares foisted upon them, I understand why some financial experts are criticizing the…