One of the questions I always get when I tell people that index investing is a good investment strategy is “what about Warren Buffett?” The premise is that if it’s possible to beat the market, as Warren Buffett has for longer than I’ve been alive, why would anyone settle for boring market returns with index funds?
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References:
https://doi.org/10.1086/424739
https://doi.org/10.2469/faj.v74.n4.3
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