Is passive investing really better than active trading?
I've been putting money into index funds for years, but after watching my friend double his portfolio with a few well-timed tech stocks, I'm questioning my whole strategy. Active investing requires time and nerves that most of us don't have, and the data shows most fund managers underperform the S&P 500 over a decade. Still, I can't shake the feeling that pure passive investing is just lazy complacency in a market that rewards research.