The Index Mutual Fund: 40 Years of Growth, Change, and Challenge
回顾首只指数共同基金（现先锋500指数基金）诞生40年，数据表明被动指数基金长期表现优于主动管理基金。
The author marks the 40th anniversary of the creation of the first index mutual fund (now the Vanguard 500 Index Fund) by examining decades of data, which reveal that passive index funds have consistently outperformed their actively managed counterparts.