{{ When he was a student at the University of Chicago a half-century ago, his teachers were future Nobel Prize winners whose curious ideas about financial markets would transform the way people think about money. Their lectures were rough drafts of the papers that showed how ordinary investors who barely touched their boring portfolios could outperform professional managers and famed stock pickers after fees and expenses. And that innovative and counterintuitive research on market efficiency would one day fuel the rise of passive investing. }}
{{ To make sure it touched as many people as possible, they made the whole thing available for free on YouTube this month. It’s an 88-minute film about the science of markets—and it has already racked up millions of views.
It would take decades for people to wrap their minds around the concepts that doing nothing was better than doing way too much, }}
But if you had early an understanding of the concept, you wouldn’t have had a need for employment, since.
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