Smart Beta? Maybe?

About a month ago, I read an article in the Wall Street Journal about some newfangled index funds called smart beta funds. At first I thought the concept was just a Wall Street marketing gimmick, but I am beginning to think differently about the concept if were applied to a portfolio of individual stocks. The argument states that if you have an index fund that mimics a market cap weighted index such as the S&P 500, the big cap stocks will have more influence on the movement of the market...