Investing isn’t hard. The easiest way to invest for the long-term, with index funds, is also the most rewarding, as indexes beat most active funds hands down.
To paraphrase Henry Louis Mencken, no one ever went broke underestimating the intelligence of the American people. Does that explain the overwhelming popularity of actively managed mutual funds compared to index funds? No – according to new research from Robert F. Stambaugh, a finance professor at the Wharton School of the University of Pennsylvania. Stambaugh