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Matt Levine

Index Funds, Quants and Hedging

Also extended-life orders, Wells Fargo, unicorns, brogrammers and liquidity.

Jack Bogle.

The consensus that Index Funds Are Good is pretty universal, but also kind of boring. It turns out that the right way to invest is to ... do nothing? To do exactly what everyone else does? To just stop paying attention? Indexing is low on action, low on personality, low on fees, low on excitement. It is good for you, but a bit bland.