Hear: Passive? Aggressive.
Today on Planet Money:
-- Satyajit Das says the old economic order got obliterated this year, but the new one's not yet in place. Until that happens, he argues, no one really knows what to do.
-- Bill Bernstein, neurologist and genius economic historian, has an idea. Bernstein backs a style of playing in the market called "passive index investing."
After the jump, links to books about economics by Bernstein and another smartie.
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Bill Bernstein's books include:
A Splendid Exchange: How Trade Shaped the World/ The Four Pillars of Investing: Lessons for Building a Winning Portfolio/ The Birth of Plenty (first chapter available online)
John Bogle's books include:
Enough: True Measures of Money, Business, and Life
A Bogle-inspired guide to investing (and one of Adam's favorites):
The Bogleheads' Guide to Investing