Bogleheads aren't wrong, historically. At least, not in the general sense that buying index funds and mostly forgetting about it is smarter than trying to beat the market with individual stock picks and timing the market.
replyBut, that philosophy came about in an era when there were protections for small investors that prevented the richest man on earth from dipping into your retirement fund to make himself even richer. I don't know how to be a smart investor when the game is so thoroughly rigged for a handful of billionaires.
I think the way to adjust the boglehead philosophy for this scenario is to construct a shadow index which would be the same as the normal index except with the grifts removed or at least underweighted. And then buy stock to track the shadow index.
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