@henryfudgeofficial: Nvidia stock crash explained: why Jensen Huang's resignation just hit your pension. Jensen Huang resigned as Nvidia CEO after 33 years, following an admitted affair with a woman US intelligence reportedly suspects of spying for China, and a New York Times report of a second affair with one of his own executives. Nvidia stock fell from a record $239 to a low of $148, with roughly $1 trillion in market value lost. Why does one CEO scandal matter to you? Because the top 10 companies are about 39% of the S&P 500, and your index fund buys them automatically, at any price. Passive investing means nobody is checking the price on the way up, and nobody is there on the way down. Economists call it the inelastic markets hypothesis. Not financial advice. #nvidia #jensenhuang #sp500 #indexfunds #stockmarket