Rick Ferri, the founder of Portfolio Solutions and a big proponent of passive and low-cost investing, stopped by the other day. He has written not just one, but six books on the subject, including one that looked at ETFs. His new book, The Power of Passive Investing, brings together a lot of thinking on the issue.

His main point is that while the occasional active investor/mutual fund will beat the market over time, the odds are weighted powerfully against that happening.

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