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The Index Fund Revolutionized Finance — But at What Cost?

A new book chronicles the rise of passive investing, the pioneers who made it a dominant force in finance — and its potential downsides

Photo by Mathieu Stern on Unsplash

When the renowned investor Warren Buffett bets a million dollars on an outcome, it’s rarely a good idea to take the other side of it. In 2008…

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Stephen Foerster

Stephen Foerster

I’m a Finance prof, CFA, and author of In Pursuit of the Perfect Portfolio (with Andrew Lo). I write stories about investing. (I don’t give financial advice.)

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