If in doubt, buy index funds
“If a statue is ever erected to honor the person who has done the most for American investors, the handsdown choice should be [Vanguard founder] Jack Bogle. For decades, Jack has urged investors to invest in ultra-low-cost index funds. In his crusade, he amassed only a tiny percentage of the wealth that has typically flowed to managers who have promised their investors large rewards while delivering them nothing — or, as in our bet, less than nothing — of added value.” 2016 shareholder letter
