Denial Is Not A River

The issue of index funds has both an intellectual and emotional component. For the purposes of this discussion I am excluding 401(k) accounts. Almost unanimously, all of the financial advisors I have spoken to agree that for 401(k) accounts, index funds make sense. The emotional component of this discussion is the implication that individual stock picking is no longer a viable option. There are many seasoned financial professionals that are unable or unwilling to see that the market is evolvi...