“90% of active fund managers lose to the stock market in the long run, passive investing is the way to go, you get back market returns and you beat the fund managers in the long run!” Yada yada yada. I hear this all the time and the majority of index fund advocates are either boomers, lazy investors, religious believers of Jack Bogle or beginner investors who do not know how to stock pick properly. Here’s what Jack Bogle, the creator of the index fund have to say about his own creation: “If everybody indexed, the only word you could use is chaos, catastrophe, and the markets would fail.” In recent years, investors have been ditching active managers in favor of ETFs and other index funds, which typically offer a way to get market exposure at lower fees. While I do not disagree that most investors simply need 1 or 2 ETFs and call it a day,...