My business partner and I are setting up our first real investment account for the company and I want to stick with low-cost index funds because I've read it's the smart long-term play, but he's convinced we need an active manager because 'that's what real businesses do' and I'm worried we're making a decision based on what feels professional rather than what makes sense.
More people experience this than they realize.
Competing definitions of business legitimacy are driving financial decisions away from practical considerations.
“Where Are You with Index funds vs. active investing?”
If this sounds familiar, the Library can help you find the bigger picture.