Paul, Evan, and Ira talk about Bert Malkiel and the 50th anniversary of the book *A Random Walk Down Wall Street*, which leads into a discussion about how the investing industry has grown away from actively managed funds and turned toward index funds over the last fifty years. After some research, Paul shares why there is a better alternative to both. Later in the episode, Paul talks about how a school ban on smartphones highlights how phones are making less productive students and employees.
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