Replies to post #1514 on Texas Pacific Land Corporation (TPL)

[fung_derf]

If I'm buying an S&P 500 ETF and the index is at 6015, then I want my ETF to be trading at $60.15, not $59.45 plus expenses. In other words, I don't want my ETF skimming off the top. Has nothing to do with liquidation or book values.
ETF's get to skip a lot of rules. I'm just not a fan, although admittedly, it is easier to use....and mutual funds are becoming a thing of the past. All the mutual fund companies are switching over to ETF's now. They say for tax reasons

[bar1080]

Even wilder guesses are inventory numbers from retail stores such as department stores. A CPA once told me they aim to be plus or minus 5% with their numbers, and forced liquidation numbers are probably off by vastly more than that. Error in index funds from re-balancing are microscopic.