#31: Rob Arnott On Engineering A Better Index
Superinvestors and the Art of Worldly Wisdom
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The Problems With Fundamental Indexes
With cap weighting, you're guaranteed that every overvalued stock that's destined to underperform is weighted in your portfolio. Cliff asked us who's been a critic of fundamental index says it's just value investing. Instead of a systematic drag on performance, it's a systematic boost.
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