…active investors underperform the market, then the best strategy is just to hold the market, a strategy which got repackaged and named as 'index funds.' A good book on the topic: https://www.amazon.com/Trillions-Renegades-Invented-Changed-...
People interested in this topic should really read "Trillions" by Wigglesworth. Maybe the most consequential book I read in 2022, as someone who read about a book a month, mostly nonfiction. The book, first of all, does a good job of laying out the complete case…
…works. Today on the show, we unpack the ‘good company is a good investment’ fallacy. Before diving into the main topic, we kick off our discussion on the subject of index funds with Robert Wigglesworth’s Trillions. From there, we share some updates about custom indexing and home buying in Canada, along with the immense valuation of Tesla as well as Elon Musk’s net worth. This acts as a great segue into the focus…
……主动投资者的表现跑输大盘，那么最好的策略就是直接持有整个市场，这种策略后来被包装并命名为‘指数基金’（index funds）。推荐一本关于这个话题的好书：https://www.amazon.com/Trillions-Renegades-Invented-Changed-...
…active investors underperform the market, then the best strategy is just to hold the market, a strategy which got repackaged and named as 'index funds.' A good book on the topic: https://www.amazon.com/Trillions-Renegades-Invented-Changed-...
对这个话题感兴趣的人真该读读维格斯沃斯（Wigglesworth）的《万亿之资》（Trillions）。对于我这种每月读一本（主要是非虚构类）书的人来说，这大概是我2022年读过的最重要的一本书了。首先，这本书把整个论证梳理得非常完整……
People interested in this topic should really read "Trillions" by Wigglesworth. Maybe the most consequential book I read in 2022, as someone who read about a book a month, mostly nonfiction. The book, first of all, does a good job of laying out the complete case…
《金融时报》（FT）记者罗宾·维格斯沃斯写的《万亿之资》（Trillions）在这方面讲得极好
The book 'Trillions' by FT journo Robin Wigglesworth is very good on this subject
……是如何运作的。在今天的节目里，我们来拆解‘好公司就是好投资’这个谬误。在深入正题之前，我们先用罗伯特·维格斯沃斯的《万亿之资》（Trillions）开启关于指数基金话题的讨论。接着，我们会聊聊定制化指数投资（custom indexing）和加拿大购房的最新情况，以及特斯拉的天价估值和埃隆·马斯克的净资产。这为我们引出焦点……起到了极好的过渡作用
…works. Today on the show, we unpack the ‘good company is a good investment’ fallacy. Before diving into the main topic, we kick off our discussion on the subject of index funds with Robert Wigglesworth’s Trillions. From there, we share some updates about custom indexing and home buying in Canada, along with the immense valuation of Tesla as well as Elon Musk’s net worth. This acts as a great segue into the focus…