In this recent interview in Fast Company magazine, you'll find the following Q&A:
Why have you fashioned yourself as a defender of the common man and of commonsense investment strategies such as diversifying and buying index funds?
After I left Wall Street, I studied a lot of academic research, and I was startled to discover that stock picking, market timing, and other popular investment activities usually hurt investors rather than help them. This is an indisputable fact, but it's actually not common sense. On the contrary, most people think it's ridiculous. Most people assume that index funds only do well because most investors are stupid -- which is delusional. Until you understand why indexing works, you'll always be wasting money and time searching in vain for the next great stock-market guru.
If you haven't already clicked the link above and seen the article, can you guess who said this?
It was none other than Henry Blodget, former Wall Street analyst who's been banned from the industry. It seems he's recognized the smart way to invest.