Trading and Exchanges Chapter 23: Index Funds, ETFs, and Portfolio Trading
If you have money in a Vanguard or Fidelity index fund, or you buy SPY or VOO through your brokerage app, Chapter 23 is basically about you. Harris wrote this in 2003, but it reads like a prediction of what actually happened. Index investing went from a niche idea to the default way normal people invest. This chapter explains why.