I have no idea about this guy, but seems he must have been an equity fund manager deprived of free money and hence has a grouse on Index funds. The fact that all and sundry focus on get rich quick approach helps conservatives to focus on Index funds as it ruthlessly junks stocks to mirror the parent thereby shedding the baggage which an ordinary retail investor would not do
One reply on “Seth Klarman on Index Investing”
I have no idea about this guy, but seems he must have been an equity fund manager deprived of free money and hence has a grouse on Index funds. The fact that all and sundry focus on get rich quick approach helps conservatives to focus on Index funds as it ruthlessly junks stocks to mirror the parent thereby shedding the baggage which an ordinary retail investor would not do