FYI: An interesting observation I’ve made in the years I’ve been writing about investing is that the same myths are repeated again and again, and passed down from one generation to the next. Take the myth that index investors receive average returns or, after costs, below-average returns.
When Vanguard founder Jack Bogle launched the first retail index fund at the end of 1975, he was derided by the fund industry. The fund was lampooned as “Bogle’s Folly” and was even described as “un-American”. Why? Because no one could see why investors would be happy to “settle for average
Regards,
Ted
https://www.evidenceinvestor.com/the-myth-of-average-returns/
