The World Needs More Than Just Index Funds

The motley fool foundation is looking at ways to improve financial literacy in the U.S. and around the world. David Letterman shares his own story of a friend who learned how to invest by using index funds, which he calls 'foolish' Letterman: I don't think i would much rather see someone paying ten basis points or 15 basis points on an s an p 500 index fund,. knowing that you have exposure all the great companies in that just go with that.