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May 02, 2007


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"The greatest enemy of a good plan is the dream of a perfect plan."
- Carl von Clausewitz

A quote that John Bogle likes to use, as do the Bogleheads.

See, this is why I invest in index funds, not only am I not convinced that I can consistently beat the index with stock picks, I'm also not convinced that I can consistently pick a fund manager who can beat the index. And I love low fees.

Voltaire phrased it more generally as "the best is the enemy of the good".

Couldn't agree more about index funds. Received some wise advice from a college professor awhile ago about investng in them, followed it, and haven't look back. Fan of your blog, just started one myself targeting college/young investors actually, hope to have it up to your standards eventually. Thanks, and look forward to more enlightening posts from you.

Warren Buffet recommends that ordinary investors buy Index Funds. Warren Buffet doesn't invest in Index Funds. Why? Warren couldn't get rich on an 8% average return.

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