I'm surprised to see so much anti-Boglehead sentiment comments here actually. I personally think Greenspun is super entertaining and emailed him for some career

I'm surprised to see so much anti-Boglehead sentiment comments here actually. I personally think Greenspun is super entertaining and emailed him for some career advice years ago (which he replied to). Through introspection I learned why the market premium exists for passive investors. In the early 2010s I was lucky to have started working and somehow invested in real estate at their all time lows. Did pretty ok (coulda done better but can't complain). Only recently did I get into index investing, and boy, it's psychologically difficult . As Cat Stevens says, "it's not easy to be calm when you've found something going on." I kept noticing how I wanted to make moves based on news and data and charts and "intuition." But the market does not move intuitively. People will overvalue and undervalue securities, and I believe this plus behavioral mistakes is where the market premium comes from for the people who just sit tight. For those who have a 401k and don't look at it much, it's easier than for people like me who never invested through tax-advantaged vehicles.