Ben Carlson at “A Wealth of Common Sense” shows how a simple, low cost approach to investing can beat the smart folks:
“These funds are invested in venture capital, private equity, infrastructure, private real estate, timber, the best hedge funds money can buy; they have access to the best stock and bond fund managers; they use leverage; they invest in complicated derivatives; they use the biggest and most connected consultants, and the vast majority of these funds still fail to beat a low-cost Vanguard index fund portfolio.”
There is no hope for the rest of us! Here is the link: http://awealthofcommonsense.com/2017/02/how-the-bogle-model-beats-the-yale-model/
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