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“The index fund is a most unlikely hero for the typical investor. It is no more (nor less) than a broadly diversified portfolio, typically run at rock-bottom costs, without the putative benefit of a brilliant, resourceful, and highly skilled portfolio manager. The index fund simply buys and holds the securities in a particular index, in proportion to their weight in the index. The concept is simplicity writ large.”

John C. Bogle, Common Sense on Mutual Funds, Updated 10th Anniversary Edition
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Common Sense on Mutual Funds, Updated 10th Anniversary Edition Common Sense on Mutual Funds, Updated 10th Anniversary Edition by John C. Bogle
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