Chapter 10 Internet Resources

• http://www.dfafunds.com/The_Firm/About_Dimensional/Philosophy/philosophy.html—Dimensional Fund Advisors, a professional money management company with roughly $35 billion under management, has an investment philosophy firmly rooted in the philosophy of efficient markets. The website explains how this philosophy shapes the company's investment strategies and offers an interesting piece by Eugene Fama on the impact of behavioral finance.
  
  
• http://www.vanguard.com/bogle_site/sp20011021.html—John C. Bogle founded Vanguard, the giant mutual fund company, and introduced the first indexed mutual fund for individual investors in 1975. Index funds represent a "passive" approach to investing in which a fund does not try to select winners and losers, but rather holds a broad basket of stocks to mimic the returns on an index like the S&P 500. At this site you can read one of Bogle's speeches offering his evidence on the superiority of indexing over an "active" approach to selecting stocks.
  
  
• Problem 10-6 Go to http://www.yahoo.com, and click the link labeled "Finance."