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Re:The Impact of Index Investing: A Follow-Up by KKKKkkkk1 on Wednesday May 04, 2016 @01:04PM (#11629745)
Brilliant. Only a person of the caliber of Buffett can get away with repeating what has been common knowledge since the 1970s and is nowadays written in pretty much every financial self-help book to a rapt audience who record his every word and quote him on Internet forums.
Re:The Impact of Index Investing: A Follow-Up by JamilD on Wednesday May 04, 2016 @01:25PM (#11629931)
He's not claiming it's new information or something only he knows. In fact he attributes most of his knowledge to Graham.

Read some of the other comments in this thread and you'll see it's not common knowledge either.

Re:The Impact of Index Investing: A Follow-Up by drumdance on Wednesday May 04, 2016 @11:07PM (#11633762)
Index funds were scorned for many years. The first index fund was started by John Bogle in 1976, but he had a difficult time attracting investors. They didn't really become popular until the nineties.

This Planet Money episode talks about it in detail.

http://www.npr.org/sections/money/2016/03/04/469247400/episo...