I Don’t Know, I Don’t Care

Jason Zweig describes his journey to indexing nirvana:  “Meanwhile, I had been doing more research. The evidence was overpowering: After the expenses of researching and trading stocks, the odds that a fund will beat the S&P over time seemed to be no better than one in four. After tax, the odds went pretty close to zero. Scariest of all, as Nobel Laureate Bill Sharpe showed, these odds are virtually a mathematical certainty.” Read the full article >>