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Podcast
Freakonomics Radio
It was published in the Journal of Portfolio Management in 1974 and argued that some large foundation should invest in a portfolio tracking the S&P 500, thus influencing Jack Bogle's decision to create an index fund.
In 1974, the Journal of Portfolio Management published a paper by the economist Paul Samuelson called Challenge to Judgment.
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Episode: The Stupidest Thing You Can Do With Your Money (Re...
It was published in the Journal of Portfolio Management in 1974 and argued that some large foundation should invest in a portfolio tracking the S&P 500, thus influencing Jack Bogle's decision to create an index fund.
In 1974, the Journal of Portfolio Management published a paper by the economist Paul Samuelson called Challenge to Judgment.
Samuelson's paper challenged the performance of active managers and suggested that, quote, at the least some large foundation should set up an in-house portfolio that tracks the S&P 500 index, if only for the purpose of setting up a naive model against which their in-house gunslingers can measure their prowess.