Confused about the differences between active and passive investing? Or whether index investing is active or passive - or maybe both? If so, you're not alone. And with trillions of dollars now invested in index mutual and exchange traded funds, knowing the answers to these questions is more important than ever to investors' long-term financial security. This is the second edition of a book we first published in 2004, when index investing was far less popular. It explores the arguments between active, passive, and index investors through the story of a fictional trial, in which a fiduciary advisor is accused of acting imprudently when investing client funds. Counsel for the plaintiffs and defense present a range of arguments, and attempt to refute the other side's. Having heard the arguments, at the end of the book you play the role of the jury, and reach your own verdict.
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