As for index funds, your trained monkey hasn’t eaten in 10 years of net negative S&P 500-indexed returns. The monkey is dead. Just because we enjoyed 30 years of average 8-12% returns doesn’t mean they’re guaranteed by god or country. Active management of capital drives a capitalist society forward – index funds are merely dumb piles of loot for the theoretical man in the business suit to the far right to squeeze when necessary.
(via tart-tart)
Do you mean these ten years?
I’m sure the monkey actually gave his life trying to protect the bonuses. At all costs and whatever the outcome.
Lemkin 