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Larry Swedroe: Passive Investing Demonized

TedTed
in Fund Discussions
FYI: Wall Street has ridiculed passive investing for decades. The reason is obvious: Its profits—and for many firms, their very survival—are at stake. The criticism reached an absurd level when a team at Bernstein called passive investing “worse than Marxism.” The authors of the note wrote: “A supposedly capitalist economy where the only investment is passive is worse than either a centrally planned economy or an economy with active market led capital management.”
Regards,
Ted
http://www.etf.com/sections/index-investor-corner/swedroe-passive-investing-demonized

Comments

  • Graust
    Get a clue Swedroe.....ACTIVE investing has been demonized by EVERYONE ELSE. Name the last article, or piece of advice, that anyone has read/heard that tells us to eschew indexes and invest in active funds! Even a majority of people investing in mostly active funds acknowledge that passive investing is probably at least an equal, if not better, idea.
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