The criticism was framed so forcefully that it still echoes today: “Passive investments are worse than Marxism,” Inigo Fraser-Jenkins thundered late last year, sparking a debate about the value of exchange-traded funds, or ETFs for short.
The thirty-something guy with the casually unbuttoned shirt explains why he has just liquidated his own portfolio right now - and why others should follow his example. The young lad with the quiff looks as if he might still be sitting in a school classroom.
If you decide to take the step out of the interest-rate trap and invest your money in shares or funds, you're on the right track.
A Nobel Prize for a quirion role model: honouring Richard Thaler
The spread of ETFs and index funds is also drawing critics. We examine their arguments - and find long-settled debates and scenarios far removed from reality.
The data is impressive. Bonn economist Moritz Schularick compared the returns of the most important capital investments from 1870 to 2015 and shows: diversification and investing in equities pays off.
