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Debate over innovation is constructive, but the basic tenets of being a smart investor haven’t changed.
Europe is “turning Japanese, they really think so.”
The author and Princeton professor favors plain-vanilla, index-based investments and says specialized, high-cost products are bad for the ETF industry.
In a new book, “The Investor’s Paradox,” Brian Portnoy explores the downside of the vast number of choices investors face.