The reason the index fund wins statistically is because it can be run by a simple automated set of rules – no need to pay 350 million dollar salaries to the hotshot traders running the “Aggressive Growth Fund” down the street. Because there are millions of people, both smart and dumb, ...
The reason the index fund wins statistically is because it can be run by a simple automated set of rules – no need to pay 350 million dollar salaries to the hotshot traders running the “Aggressive Growth Fund” down the street. Because there are millions of people, both smart and dumb, ...