Negative Positive
Title: Fundamentally Bogus
Review: I confess to not having read all of the book, but his comments on index funds convinced me. They were frequently inaccurate (e.g. he says that Vanguard Index 500 didnt exist 10 years back, whereas its existed since the late 1970s), misleading , and sometimes bordered on the dishonest (he says that while active funds don't typically beat their indices, index funds don't either, neglecting to mention that index funds fall short of the index by a far smaller amount (0.2% for Vanguard). He also makes comments such as -- if Intel were ever to fall out of the index, then huge capital gains would be incurred by the funds (neglecting to mention that the reason most companies fall out of the indices is that their prices are falling -- which means there will be very few, if any capital gains to distribute).
Is the review positive or negative? 