Jeff Troutner of Equius Partners laments that too many investment advisors too often succumb to the temptations of extreme and overly active portfolio strategies despite the rise of indexing. Indeed, he suggests that indexing has been hijacked and perverted. “Thousands of advisors, who long ago convinced themselves and their ever-changing clientele of their intellectual superiority over ‘the market’—only to be consistently humbled by it—have shifted their strategies from individual stock picking to ETF picking with a market timing overlay.”