Power of Indexing
Author explains that index funds offer broad diversification, low turnover, and significantly lower expense ratios compared to actively managed funds. He highlights the historical performance of the Vanguard 500 Index Fund as evidence of the success of this strategy.
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The book discusses powerful and well-supported case for the superiority of low-cost index fund investing as the most effective way for the vast majority of investors to achieve their long-term financial goals.
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