This chapter explores how people often make financial choices that contradict their beliefs, using the example of Jack Bogle investing in his son's fund despite his belief in low-cost indexing. It emphasizes the messy and nonsensical nature of real-world financial decisions, and includes an advertisement from Mizen and Maine, a company selling comfortable and fashionable dress shirts.
One Yale economist certainly thinks so. But even if he’s right, are economists any better?