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CFA Blog: A Pillar of Modern Finance (The Index Fund) Turns 50

edited July 3 in Fund Discussions
CFA, 2021 https://blogs.cfainstitute.org/investor/2021/07/01/a-pillar-of-modern-finance-turns-50/?

FT, 2018 https://www.ft.com/content/807909e2-0322-11e9-9d01-cd4d49afbbe3

A Pillar of Modern Finance Turns 50
Quick, what is 1 July 2021 the 50th anniversary of?

1. The incorporation of Berkshire Hathaway
2. The first index fund
3. The Dow’s first close above 1000*
4. The founding of the SEC

If you guessed the index fund, you were right: The first index fund debuted on 1 July 1971...
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