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  • Most investors are pretty smart. Yet most investors also remain heavily invested in actively managed stock funds. This is puzzling. The temptation, of course, is to dismiss these folks as ignorant fools. But I suspect these folks know the odds are stacked against them, and yet they are more than happy to take their chances.

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Most investors are pretty smart. Yet most investors also remain heavily invested in actively managed stock funds. This is puzzling. The temptation, of course, is to dismiss these folks as ignorant fools. But I suspect these folks know the odds are stacked against them, and yet they are more than happy to take their chances.

I stare into a thin, web-like crack above the urinal's handle and think to myself that if I were to disappear into that crack, say somehow miniaturize and slip into it, the odds are good that no one would notice I was gone. No... one... would... care. In fact some, if they noticed my absence, might feel an odd, indefinable sense of relief. This is true: the world is better off with some people gone. Our lives are not all interconnected. That theory is crock. Some people truly do not need to be here.

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