If someone so smart he could go head-to-head with all comers on a game show likes exchange traded funds (ETFs), shouldn’t we all get on board?
Ben Stein – yes, that Ben Stein – in an interview with Olivier Ludwig for Index Universe, said that he loves ETFs, and investors would generally do better with an index in the long run, stating that John Bogle’s ideas on index investing motivated him to use the investment tool.
Additionally, Stein is a big believer in passive investing emphasizes that the single biggest mistake investors make is believing they can outperform the indexes. [In An Opaque Investment World, ETFs Are a Ray of Light.]
ETF’s low prices, exposure to foreign markets and their sub-subsectors and broad-based indexing are the main reasons why Stein likes ETFs.