Mostly agree, except: > Actively traded funds are evil. Actively traded funds are not "evil." Actively traded funds are the only reason you can buy an index

Mostly agree, except: > Actively traded funds are evil. Actively traded funds are not "evil." Actively traded funds are the only reason you can buy an index fund and actually expect a decent return. Without active traders, the market would be inefficient, i.e. things would not be fairly priced.