Chapter Twelve

Profit from the Majesty

of Simplicity

-

Hold Index Funds That Own

the Entire Stock Market.

IF LOW COSTS ARE GOOD (and I don’t think a single an-

alyst, academic, or industry expert would disagree that

low costs are good), why wouldn’t it be logical to focus on

the lowest-cost funds of all—index funds that own the en-

tire stock market?