Posted by on Dec 22, 2018 in Articles & Advice, Blog, Columns, Featured |

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By Jason Zweig |  Dec. 21, 2018 12:02 p.m. ET


The person who helped inspire the passive-investing boom, the late economist Paul Samuelson, became wealthy from his active investments.

The greatest active investor of our time, Warren Buffett, advocates investing passively.

Their paths crossed, decades ago, in ways that should remind us how rare the lightning bolt of a great investing idea is—but also how huge an edge it can provide....



To read the rest of the column:


For further reading:


Peter L. Bernstein, Capital Ideas: The Improbable Origins of Modern Wall Street

Benjamin Graham, The Intelligent Investor

Jason Zweig, The Devil’s Financial Dictionary

Jason Zweig, Your Money and Your Brain

Jason Zweig, The Little Book of Safe Money

Articles and other research:

Paul Samuelson’s testimony to the U.S. Senate Banking Committee, Aug. 2, 1967

David Warsh, “Paul Samuelson’s Secret


On Warren Buffett

Fees on Mutual Funds and ETFs Tumble Toward Zero

Birth of the Index Mutual Fund: ‘Bogle’s Folly’ Turns 40

A Long Time Coming

And Now for Something on Index Funds

The Dying Business of Picking Stocks