5min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP538: Richer, Wiser, Happier, Q1 2023 w/ William Green & Stig Brodersen

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Ultimate in Simplicity

Bob Greene: The ultimate in simplicity is to get a balanced index fund. He bought one for his wife's retirement account, and it seemed kind of stupid for a couple of years because bonds were paying nothing. But he remembered this thing that the Bogle had said to him where he said, look, all of these star fund managers proved to be comets. It's not like nobody can beat the market but you look at someone like Joel Greenblatt who averaged 40% a year for 20 years. And so I think he'll probably do fine over the long run.

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