Passive investing turned everyone into a tech investor without anyone asking permission. That’s the uncomfortable reality your pension statement won’t spell out. Concentration risk isn’t theoretical — it’s sitting inside the funds you forgot you owned, quietly indexed to the same seven companies the ECB just flagged as the core of a potential AI Infrastructure financial stability problem.
“As you can clearly see on the chart of our earnings projections, our revenue doubles on January 18th, 2027.” “Yes, I can see that quite clearly, thank you.”