Take Control of Index funds vs. active investing

The evidence on active management is unusually clear for a domain as contested as finance: most actively managed funds, over most time periods, underperform the simple act of owning a broad index at low cost. This is not a commentary on the intelligence of fund managers; it is a structural observation about competition in efficient markets. Reason follows the evidence rather than the sales pitch.

The course sequence, in order.

Each step builds on the last.