Adele_L comments on Public Service Announcement Collection - Less Wrong Discussion
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Do you have (or could you point to) more specific advice on investing in index funds?
Also, is there somewhere that discusses the evidence and reasons for favoring index funds?
The recommendation I often hear from some of the smarter people I know is one of Vanguard's index funds.
Perhaps see Malkiel's A Random Walk Down Wall Street.
See the efficient market hypothesis.