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"Bogle recommended a simple portfolio consisting of a bond index fund and a stock index fund, adjusted for the investor’s age." google.com/amp/s/www.bloo…
"Most investors will find that the best way to own common stocks is through an index fund that charges minimal fees. Those following this path are sure to beat the net results (after fees and expenses)." berkshirehathaway.com/letters/1996.h…
"I think it is roughly right that the market is efficient, which makes it very hard to beat merely by being an intelligent investor. But I don’t think it’s totally efficient at all. The top three or four percent of the investment management world will do fine.” Charlie Munger
