Bloomberg Surveillance · Tuesday, September 1, 2026
David Booth argues that over the long haul, stocks are hard to beat and even professionals struggle with short-term market timing. He champions index investing, stating that buying the whole market through low-cost index funds is an effective strategy, especially for those who previously felt like outsiders to investing.
“Well, I think, uh, here in, uh, over the long haul, stocks are really, uh, hardened to beat.”
“And it's also based on all the evidence, it's difficult for, uh, people to time short-term movements in the market.”
“And you can buy the market. very inexpensively now, a lot of different places, market index funds, market portfolios like we do, whatever. So there's no, being an outsider, in other words, you'll seem to do about as well as the insiders.”