Charlie Ellis on the Rules of Investing
Masters in Business
00:00
The Paradox of Skill Is the Better the Professionals Get, the Better the Market Is
Vanguard, State Street and BlackRock are all three in agreement that good governance is an important characteristic of a board of directors. If one of the indexing leaders were to do something that was not quite Boy Scouts Girl Scout right down the line? They'll get called out. The paradox of skill is the better the professionals get, it becomes increasingly harder to even beat the market.
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