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Building a portfolio around index funds isn’t really settling for the average. It’s just refusing to believe in magic.

Bethany McLean

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Bethany McLean
Age: 53
Born: 1970
Born: December 12
Editor
Journalist
Hibbing
Minnesota
Bethany Lee McLean
Building
Portfolios
Around
Index
Believe
Refusing
Really
Funds
Settling
Fund
Average
Magic
Portfolio

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The last and most painful irony is that the two longtime rival armies in the securitization market - the investment banks and the GSEs - would end up magnifying each other's sins rather than keeping each other in check.
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