Everyone seems to be looking for the magic bullet when it comes to investing. Index funds are boring, so surely there's more upside to be found in AI or small-caps or some other yet-to-be-discovered opportunity that will yield unprecedented returns. Right?
Not according to Burt Malkiel. The author of the bestselling investing bible A Random Walk Down Wall Street says trying to find a work-around for index funds is one of the biggest mistakes the average investor makes. Even those who do it professionally tend to underperform the broader market.
