Investing Advice on Active vs. Passive Investing
Larry Swedroe is the research director at Buckingham Asset Management, and he is a passionate advocate of passive investing. His investing advice is that a passive style is more profitable in the long run, and the numbers back that up, but you will not hear it from Wall Street because it's not in their economic interest to promote passive investing.
They make much larger fees from actively managed portfolios, and the financial media also has an interest in promoting active management and portfolio churn. Swedroe claims that while it's not impossible to beat the market, so few people will succeed in doing so that it's not worth trying. David Swensen of Yale and Jack Meyer of Harvard, along with Warren Buffet and Peter Lynch all advocate that individual investors own index funds and be passive.