
Charles D. Ellis Interview (Replay):Masters in Business (Audio)
Masters in Business
00:00
Indexing and Winning
The word passive is a horrible negative. Can you imagine your wife or husband introducing you as this is my spouse? Passive Sounds terrible. So what is the better phrase to describe what people should think of when they think of indexing? Well, too, one is indexing and the second is winning. Why is winning, as Charlie Sheen would say, why does that lead us to indexing? Over the long term, indexing does better today than active investing. That wasn't the case 25 or 30 years ago, but it is the case today. Massive change in virtually every variable. Just for an example, if you go back 50 years ago, there might have been 5000 people involved
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