By: Russ Kamp, CEO, Ryan ALM, Inc.

Sometimes you just have to laugh at the insanity in our industry. After publishing the post below today, I saw an article that said that Schwab has added a small allocation (0.012%) of SpaceX (SPCX) to their U.S. Large-Cap Value ETF. Now, I realize that SPCX is trying to capture our collective imaginations about space, but there is no way that a Value fund can justify these other worldly valuations. So much for style purity.