Invest Like the Best with Patrick O'Shaughnessy cover image

Jason Zweig and Morgan Housel - Business vs. Investing - [Invest Like the Best, EP.50]

Invest Like the Best with Patrick O'Shaughnessy

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Indexing Isn't for Everyone

The arbitrage opportunities become enormous as indexing takes a larger and larger share of the total stock market. But when we become nation of people who are simply letting it ride, that's when i think we get into danger. And somebody is buying an index fund as just the latest form of performance chasing. Those people and their clients are going to end up really, really sorry.

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