> There's no fundamental index fund investment thesis other than "past performance is indicative of future returns".
(Not a finance guy) But isn’t it that buy and hold index funds minimise trading fees, and those savings compound to produce better long term performance than nearly all active funds?
(The “Acquired” podcast episode covering the history of Vanguard and Jack Bogle goes into it in detail)
(Not a finance guy) But isn’t it that buy and hold index funds minimise trading fees, and those savings compound to produce better long term performance than nearly all active funds?
(The “Acquired” podcast episode covering the history of Vanguard and Jack Bogle goes into it in detail)