Charley Ellis: Indexing Is a Marvelous Gift

The Long View

Morningstar

Finance, Dan Lefkovitz, Amy Arnott, Entrepreneurship, Investing Leaders, Jeff Ptak, Investors, Christine Benz, Influential Investors, Careers, Long-term Investing, Financial Services, Business, Investing, Morningstar

4.5 • 775 Ratings

🗓️ 5 August 2025

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

The noted author, consultant, and academic on the virtues of simplicity, the challenges facing active managers, and why he would stay away from investing in private capital.

Transcript

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0:00.0	In volatile markets, the H.C.M. Byline keeps you grounded. Invest with confidence. Discover Howard Capital Management's funds at HowardCMFunds.com. Stay tactical, not traditional.
0:15.2	Investments in HCM funds involve risk, including possible loss of principle. There is no assurance that the funds will achieve their investment objectives. Investors should carefully consider the investment objectives,
0:24.0	risks, charges, and expenses of the HCM funds. This and other important information about the funds
0:28.4	are contained in the prospectus, which can be obtained at www.howardcmfunds.com or by calling
0:33.5	77062-4-969-8464.
0:39.3	The prospectus should be read carefully before investing.
0:41.7	H-CM funds are distributed by Northern Lights Distributors, LLC.
0:44.9	Member Finra, SIPC.
0:46.6	Northern Lights Distributors, LLC, and Howard Capital Management, Inc.
0:49.3	are not affiliated.
0:50.3	Please stay tuned for important disclosure information at the conclusion of this episode.
0:56.6	Hi and welcome to the Longview. I'm Christine Ben's Director of Personal Finance and Retirement Planning for Morningstar.
1:02.8	And I'm Amy Arnott, portfolio strategist for Morningstar. Today on the podcast, we welcome back Charlie Ellis,
1:09.6	whose latest book is called Rethinking
1:11.7	Investing, a very short guide to very long-term investing.
1:16.0	Charlie founded investment consultant Greenwich Associates in 1972.
1:20.6	His seminal book about the benefits of passive investing, winning the losers game, is in its
1:26.3	seventh edition.
1:29.2	Charlie has also authored or co- authored books about investment policy and strategy, the retirement system in the U.S., and large
1:35.3	investment firms, including Goldman Sachs and Capital Group. He has taught investment management
1:40.6	courses at the Yale School of Management and Harvard Business School and was the successor
1:45.6	trustee of Yale University, where he chaired the university's investment committee with David Swenson.
	...

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