Dave Ramsey's Investing Advice

Dave Ramsey does not give sensible investment advice. This is not a commentary on Dave Ramsey’s character; it seems like he is genuinely dedicated to helping his audience. My intention here is to educate you on the factually incorrect statements that Dave Ramsey consistently makes about investing, and why those statements could result in bad investment outcomes for you.

Referenced in this episode:
- The Arithmetic of Active Management https://web.stanford.edu/~wfsh....arpe/art/active/acti
- How Expense Ratios and Star Ratings Predict Success https://personal.vanguard.com/pdf/morningstar.pdf
- Predictive Power of Fees http://oreillywa.com/wp-conten....t/uploads/2017/08/mo
-Luck versus Skill in the Cross-Section of Mutual
Fund Returns http://mba.tuck.dartmouth.edu/....bespeneckbo/default/
- Does Past Performance Matter? The Persistence Scorecard https://us.spindices.com/docum....ents/research/persis
- On Persistence in Mutual Fund Performance http://personal.psu.edu/qxc2/f....in597/5-carhart-JF.p

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