FYI: Conventional wisdom” can be defined as ideas that are so accepted they go unquestioned. Unfortunately, conventional wisdom is often wrong. Two good examples are that millions of people once believed the conventional wisdom that the Earth is flat, and millions also believed that the Earth is the center of the universe. Much of today’s conventional wisdom on investing is also wrong.
Regards,
Ted
https://www.etf.com/sections/index-investor-corner/swedroe-longshort-portfolios-taxes
