I get the way you index. Its a strategy I use to some extent. The fact is though that there are a lot of decisions. Its great that you like the Vanguard funds, and I do as well. The thing is though, not all indexes or ETFs are created equally. Some have different mandates and different structures. My issue isn't that indexing is terrible, just that you can do better.
The ETF providers and industry in general have done a great job marketing though. They would have you believe that you should just buy the index and forget entirely about investing globally or that some companies are better values than others. Its a simple approach, and I guess that sells funds and gathers assets, but that doesn't mean it can't be improved upon at all.
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