Charles Ellis: We Can Do Better

“It’s really hard work, and it’s gotten harder and harder and harder every year for the last 50 years because of all those wonderful people who have come into the business. . . . Think of how many people have gotten really good educations that come in to be practitioners and have been provided with fabulous equipment, tools, and information so that they can compete. Unfortunately each of them is competing against others who also went to great schools also studied also became CFA [charterholders] and also have wonderful facilities, and also have tremendous energy and brain power, and as a result the case for indexing gets stronger and stronger and stronger,” says Ellis.  Read the full article >>