Somebody Has to Pick the Stocks
Adriana Robertson is a law professor at the University of Chicago who, a decade ago, got fixated on index funds. They seemed so important – the best, or maybe only, good investing advice was to put your money in an index fund, right? So, she wondered, what exactly is an index fund? How does one get made? She poked around and couldn’t find research that answered her questions. So unfortunately she had to do it herself. And what she found was that these “passive” investing vehicles aren’t really passive at all. At the end of the day, somebody has to pick the stocks. She joins us to tell us what…
The skinny
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