4min chapter

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Index Funds, ETFs, & the Passive Investing Revolution | Robin Wigglesworth

Hidden Forces

CHAPTER

The History of Butcaler's Work

Butcaler's work was primarily spread across the united states among economists by a very famous statistician called jimmy savage. Marquits enters the frame in fifties, when he was studying economics at chicago. Knew absolutely nothing about finance and markets, but somebody suggested to him that he should write about markets. Essentil struck up an entirely random conversation with them and said, oh, young man, you should do something about the stock market. And marquis talked to his tutor, who said he had that cool idea, brou go for it. And he did. Almost randomly, hecame with, i the idea that you have to trade off risk versus

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