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David Loeper, contributor to Forbes Magazine has written a compelling article highlighting the power of indexing; even compared to the “magic” of investing superstar Warren Buffett.
In “Has Warren Buffett Lost His Magical Touch?,” Loeper examines the 3 year and 10 year performance of Buffett’s Bershire Hathaway versus the Vanguard Total Domestic Equities ETF (VTI).
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Consuelo Mack, in a recent edition of Wealthtrack, re-broadcast a classic interview from 2006 featuring the late Peter Bernstein and Charles Ellis. Bernstein was an economist, an expert on risk, and the author of several books including Against the Gods: The Remarkable Story of Risk
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The Street reports that, on average, actively managed large-cap funds are having an extremely poor year. According to Goldman Sachs, 72% of 261 large-cap core funds are underperforming their indices. Only 16% of large-cap growth funds are outperforming the index.
Some of the funds are run by famous and renowned investors who have posted stunningly dismal results year-to-date.
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Consuelo Mack recently interviewed index fund devotee and consultant Charles Ellis, author of “Winning the Loser’s Game.” Ellis also advises the Yale endowment which had 20 years of positive returns and returned 16% per year from 1998 to 2008. Ellis has written a new book entitled, .”
Ellis began the interview talking about the importance of investors saving while they are earning money due to the difficulty catching up in later years.
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Larry Swedroe Bemoans Investor’s “Magical Thinking”
by Barron Maestro on March 1, 2012
Swedroe is an advocate of investing in index funds and is a principal and the director of research of Buckingham Asset Management and BAM Advisor Services. He has written 10 other highly regarded books on investing.
Swedroe lays out his case as to why investors engage in self-destructive behavior, or as he puts it, “why do the majority of investors keep playing a loser’s game?”
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