Larry Siegel: ‘The Humblest Thing an Investor Can Do Is Buy Index Funds’

<p>Our guest this week is Larry Siegel. He is the Gary P. Brinson director of research at the CFA Institute Research Foundation. Prior to that, he was director of research for the Ford Foundation's investment division for 15 years. Siegel began his career at Ibbotson Associates in 1979. He specializes in asset management and investment consulting and has served on various boards as both an advisor and a director. He has also served on the editorial board of the <i>Financial Analysts Journal</i> and currently serves on the editorial board of <i>The Journal of Portfolio Management</i> and <i>TheJournal of Investing</i>. Siegel is a prolific writer and has authored several critically acclaimed books in recent years, including <i>Unknown Knowns: On Economics, Investing, Progress, and Folly</i> as well as <i>Fewer, Richer, Greener: Prospects for Humanity in an Age of Abundance</i>. He earned his Bachelor of Arts from the University of Chicago and his MBA in finance at the University of Chicago Booth School of Business.</p><h2>Background</h2><p><a href="https://larrysiegel.org/about/" target="_blank">Bio</a></p><p><a href="https://www.amazon.com/Knowns-Economics-Investing-Progress-Folly/dp/1736148400" target="_blank"><i>Unknown Knowns: On Economics, Investing, Progress, and Folly</i></a>, by Laurence Siegel</p><p><a href="https://www.amazon.com/Fewer-Richer-Greener-Prospects-Abundance/dp/1119526892/ref=pd_bxgy_img_sccl_1/146-8790755-1531549?pd_rd_w=eBnVa&content-id=amzn1.sym.7757a8b5-874e-4a67-9d85-54ed32f01737&pf_rd_p=7757a8b5-874e-4a67-9d85-54ed32f01737&pf_rd_r=SHWDJAYADRQ2YNN45667&pd_rd_wg=z8dIA&pd_rd_r=3709d384-0dd0-4f21-bca1-071df955b384&pd_rd_i=1119526892&psc=1" target="_blank"><i>Fewer, Richer, Greener: Prospects for Humanity in an Age of Abundance</i></a>, by Laurence Siegel</p><h2>Research</h2><p>"<a href="https://www.researchgate.net/publication/251852872_Lifetime_Financial_Advice_Human_Capital_Asset_Allocation_and_Insurance" target="_blank">Lifetime Financial Advice: Human Capital, Asset Allocation, and Insu