Passive funds grow 230% to $6tn
According to Morningstar, since 2007 passively managed funds have grown four times faster than active funds.
According to Morningstar, since 2007 passively managed funds have grown four times faster than active funds.
When it comes to investing, Bogle and Buffet are quite different, the front runner of index investing versus the ultimate stockpicker. Nevertheless, they have the same view about hedge funds: it is stupid to invest in them.
Warren Buffet say that hiring a financial consultant results in a “huge minus” most of the time for the end investor
"What we’re seeing in the investment industry isn’t a free market. Hidden fees make proper comparison, and therefore competition, impossible”
Psychologists weigh in on some of the biases and cognitive errors that help explain why we think we are better at active investing than we really are.
This is the most important thing Warren Buffett said in his annual letter.