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Jason Zweig: Would Benjamin Graham Have Hated Index Funds?

TedTed
in The Bullpen
FYI: My Intelligent Investor column this weekend looks at the question of whether the rush of money into index funds could undermine the efficiency of markets.

Several value investors, who believe in the superiority of seeking to buy cheap stocks, have recently told me that the father of modern security analysis, Benjamin Graham, would never have endorsed the kind of “know-nothing investing” personified by index funds.
Regards,
Ted
http://blogs.wsj.com/totalreturn/2015/04/03/would-benjamin-graham-have-hated-index-funds/tab/print/?mg=blogs-wsj&url=http%3A%2F%2Fblogs.wsj.com%2Ftotalreturn%2F2015%2F04%2F03%2Fwould-benjamin-graham-have-hated-index-funds%2Ftab%2Fprint&fpid=2,121
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