Index Funds Win Again

Again… and again

http://www.nytimes.com/2009/02/22/your-money/stocks-and-bonds/22stra.html

“The investment implication is clear, according to Mr. Kritzman. “It is very hard, if not impossible,” he wrote in his study, “to justify active management for most individual, taxable investors, if their goal is to grow wealth.” And he said that those who still insist on an actively managed fund are almost certainly “deluding themselves.””

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