I liked Matt Levine's take in his latest podcast. You buy an index because you want to own the market. If you want to own the market in 2026 you want to own SpaceX and Anthropic, and probably OpenAI too.
That said, if you think this is as bad as the article claims you'll obviously buy SpaceX at IPO, then sell it when Index funds are obligated to buy.
High Scale is so subjective here, I'd hazard a guess that 99% of businesses are not at the scale where they need to worry about scaling larger than a single Postgres or MySQL instance can handle.
That said, if you think this is as bad as the article claims you'll obviously buy SpaceX at IPO, then sell it when Index funds are obligated to buy.