> Index funds aren't just boring, there is something morally abhorrent Hyperbole much? There's plenty of capitalist spirit in placing your trust in the outcome

> Index funds aren't just boring, there is something morally abhorrent Hyperbole much? There's plenty of capitalist spirit in placing your trust in the outcomes of markets. Specialization is a perfectly rational economic decision, and requires you not specialize in other things. There's no reason to believe a medical doctor for example is going to excel at active investing, or that society would be better off if we required it. The wonderful thing about markets is that we can all benefit from the specialization of others. Specialization (and competition) produces cheap pencils, cheap food, and even stocks that are closer to fairly valued. It is a fundamental misallocation of human capital -- I'm better off further pursuing specialization in server administration than trying to stare at stocks and newsfeeds to separate information from noise.