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"invest in index funds" is a heuristic for "own a tiny share of everything, at market price". The mantra is "try to be average, at very low management fees", t
by ISL 9y ago
"invest in index funds" is a heuristic for "own a tiny share of everything, at market price".
The mantra is "try to be average, at very low management fees", that way, your performance will always be average, and never worse than average.
- danblick 9y agoIf you get average gains/losses with below average costs your performance would be above average.