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Rain comments on A Guide to Rational Investing - Less Wrong
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Comments (43)
tl;dr: buy Index Funds, like the Vanguard Total Stock Market Index, because money can be turned into a great many utilons after holding it for a long time.
Actually the post says: Don't buy index funds because the efficient market hypothesis isn't true.
Slight nitpick. It's actually saying, you can do better than just buying index funds, not that you shouldn't buy them.
That's the first 1/3 of the article.