Daniel Kahneman, emeritus professor of psychology and public affairs at  Princeton University and a winner of the 2002 Noble Prize in Economics, writes about the hazards of confidence when it comes to investing in this New York Times Magazine article. Please click HERE to read the article.

The debate whether Active Investing or Passive Investing is correct may never end but the evidence from this debate is heavily weighted towards one side. The following is a simple way to visualize the evidence of this debate. Below the picture is a list of citations of academic research which supports Passive Investing. Please click HERE to view this amazing picture.

Thank you to Carl Richards, a friend of our firm, for creating this picture.