Is indexing the answer?
November 28, 2005
Investment managers around the world have become closet indexers, suggest my friends at GaveKal, which is messing around with the normal forces of the capitalistic marketplace. Today's Outside the Box is a Chapter from GaveKal's important new book, Our Brave New World. You can get a copy at www.gavekal.com or now from Amazon at www.amazon.com. It is a definite must read for any serious investor. (The book is the work of Charles and Louis-Vincent Gave and Anatole Kaletsky.)
At the end of this article, I am going to make a few comments. So put on your thinking caps and enjoy this essay, which is truly an example of outside the box thinking.