If the data do not prove that indexing wins, well, the data are wrong.

I think we all ought to be careful about too much generalization on this issue, even as I confess to painting with a pretty broad brush myself!

I'm not currently into economic textbooks, but my grandchildren tell me that the book by Gregory Mankiw, former head of the white house council of economic advisers is a model of intelligence and clarity. Why not try that one.

Index funds eliminate the risks of individual stocks, market sectors, and manager selection. Only stock market risk remains.

My biggest prediction for the future is that people are going to start looking after individual investors.

The courage to press on regardless - regardless of whether we face calm seas or rough seas, and especially when the market storms howl around us - is the quintessential attribute of the successful investor.

While I haven't read economist Robin Hahnel's work, replacing capitalism would be at the very bottom of my list of priorities - to be considered only after everything else had been tried. Improving our capitalistic system however, is at the top of my list and is of course the major theme of "The Battle for the Soul of Capitalism."