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This article is supposed to have kick-started the passive investing movement which continues even today. It is a study that is famous among the investors and many of them including the names of world’s renowned value investor Howard Marks has recommended this as must read. This study revolves around and uncover several myths about active and passive investing. Howard Marks quoted that this shaped his thinking about investing.

Charles D. Ellis has done a lot of work on the subject of active and passive investing and proved several of his finding scientifically. Charles served as an investing consultant to large institutional investors, governments and wealthy families. He has authored over 17 books and hundreds of articles for various magazines.

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