Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
There are many excellent documentary films that provide the history and nuances of investment practice options. I recommend a Limk to a British perspective on the topic that is the very best summary that I have ever seen. It was produced a few years ago by the Sensible Investing outfit. It is well worth the one hour and twenty minutes of its running time. It features all the superstars in the industry. Here is the Link: