By ANDREW ANG
Sept. 14, 2016
Skeptics say these popular funds are poised for a fall. But that argument ignores their main benefit.
In the cult novel The Hitchhiker’s Guide to the Galaxy, an ordinary guy, Arthur Dent, is woken up by a loud racket and stumbles out of his house in his dressing gown. He finds that his house is about to be demolished to build a highway! He’s very concerned, of course. Soon, Dent finds there is a bigger thing to worry about: the Vogons, an alien race, are about to destroy the entire Earth.
What Dent discovered is sometimes there are bigger considerations in life that can be easily missed. Lately, I have been feeling the same way when hearing the spirited debate on minimum-volatility investing strategies.