Chapter Fourteen
Index Funds
That Promise to Beat
the Market
-
The New Paradigm?
SINCE THE INCEPTION OF the first index mutual fund in
1975, indexing—investing in passively managed, broadly
diversified, low-cost, stock and bond index funds—has
proved to be both a remarkable artistic success and a re-
markable commercial success.

Chapter Fourteen Index Funds That Promise to Beat the Market - The New Paradigm? SINCE THE INCEPTION OF the first index mutual fund in 1975, indexing—investing in passively managed, broadly diversified, low-cost, stock and bond index funds—has proved to be both a remarkable artistic success and a re- markable commercial success.

Index Funds That Promise to Beat the Market

To Paul A. Samuelson, professor of economics 
at Massachusetts Institute of Technology, 
Nobel Laureate, investment sage.
In 1948 when I was a student at Princeton 
University, his classic textbook introduced me 
to economics. In 1974, his writings reignited my 
interest in market indexing as an investment strategy.
In 1976, his Newsweek column applauded my cre-
ation of the world’s first index mutual fund. In
1993, he wrote the foreword to my first book, and
in 1999 he provided a powerful endorsement for my
second. Now in his ninety-second year, he remains
my mentor, my inspiratio

Arts

Books

To Paul A. Samuelson, professor of economics at Massachusetts Institute of Technology, Nobel Laureate, investment sage. In 1948 when I was a student at Princeton University, his classic textbook introduced me to economics. In 1974, his writings reignited my interest in market indexing as an investment strategy. In 1976, his Newsweek column applauded my cre- ation of the world’s first index mutual fund. In 1993, he wrote the foreword to my first book, and in 1999 he provided a powerful endorsement for my second. Now in his ninety-second year, he remains my mentor, my inspiratio

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Index Funds That Promise to Beat the Market

Index Funds That Promise to Beat the Market