Chapter Seventeen
“The Relentless Rules
of Humble Arithmetic”
-
Reprise
IF THE MESSAGE IN this book comes across as confident,
please understand that it is little more than common
sense. Even more, please understand that my confidence
in the index fund is buttressed by the conclusions of many
of the smartest, most experienced, most successful in-
vestors in the United States including Warren Buffett,
Charlie Munger, and Benjamin Graham, along with top
academics and endowment managers—Nobel Laureates
Paul Samuelson, William Sharpe, and Daniel Kahneman
and Princeton’s Burton Malkiel, Yale’s David Swensen,
Harvard’s Jack Meyer, and MIT’s Andrew Lo.