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The Radical Invention of the Index Fund, with Robin Wigglesworth

Afford Anything

00:00

Blindfolded Monkeys Could Do a Better Job Than the Average Lay Person

In most professions, the practitioners of that profession contribute to their field. And this idea was not taken very well because essentially it discounts the contributions that fund managers are making. The back lash was natural but at the time, it wasn't even that much of a backlash. It was just considered preposterous, the idea of just buying the index.

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