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A comment on Yield Curves Invert in U.S., U.K. Parent comment

Re:Yield Curves Invert in U.S., U.K by xiphias2 on Wednesday August 14, 2019 @02:26PM (#20698467)
I agree with you that passive investment would have got the same gains, but it's much easier to see in hindsight, it was not that easy to see beforehand.

He made money by burning other people and companies, but he came out quite well from it.

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Re:Yield Curves Invert in U.S., U.K by throw0101a on Wednesday August 14, 2019 @02:32PM (#20698521)
Not being able to actively beat the market has been known since about 1973:

* https://en.wikipedia.org/wiki/A_Random_Walk_Down_Wall_Street

Bogle started Vanguard in 1975:

* https://en.wikipedia.org/wiki/The_Vanguard_Group

* https://en.wikipedia.org/wiki/Index_fund#Origins

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Re:Yield Curves Invert in U.S., U.K by usefulcat on Wednesday August 14, 2019 @03:08PM (#20698880)
"Known", yes, though probably not widely so. As I understand it, passive investing was generally considered a bad or at least risky idea at the time Vanguard was created.
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