Bogle’s “Folly” Turns 40!

40 years ago, John Bogle introduced the first index fund, to the disdain of Wall Street and its agents. 40 years later, the index fund has become the most successful investment vehicle in history, proving Samuelson’s 1974 observation that: “A respect for evidence compels me to incline toward the hypothesis that most portfolio managers should Read more about Bogle’s “Folly” Turns 40![…]

The Best Fund Company You’ve Never Heard Of …

… And Why It Doesn’t Want Your Money! Beverly Goodman wrote this article way back in 2002. Her opening line – “Dimensional Fund Advisors (DFA) might be one of the best kept secrets in the mutual fund industry” – rings as true today as it did back then. And that’s a very good thing! Read Read more about The Best Fund Company You’ve Never Heard Of …[…]

Investing Against the Odds, and the Facts

Carl Richards nails it again: “Let’s go back to the idea of beating the market. I know of no study that contradicts the truth of the high improbability of doing so. Assume we know this fact and do believe it’s very unlikely we’ll beat the market. Why, then, do so many of us act contrary Read more about Investing Against the Odds, and the Facts[…]