The vast majority of wealth creation comes from a reasonably sized cohort of successful companies. The trick is to identify these wonderful businesses.
Inactivity strikes us as intelligent behavior
The tech fund managers could only hold their noses and invest the money in whatever stock was available that fitted the description ‘tech stock’.
A small percent change in total returns achieved both before and after retirement can make a huge difference in your standard of living after retirement
The rise of passive investing and systematic investing may lead to greater stock market inefficiency. It will have little negative impact on active investors.