In 1974, Paul Samuelson wrote Challenge to judgement, a searing critique of money managers. Samuelson challenged the money managers to show that they could beat the market. He concluded that “a respect for evidence compels me to incline toward the hypothesis that most portfolio decision makers should go out of business.” Samuelson hoped for something […]
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@erikbryn: RIP John Bogle twitter.com/atabarrok/stat…
@tom_peters: See Buffett’s comment. “John Bogle, RIP – Marginal REVOLUTION” marginalrevolution.com/marginalrevolu…
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