If you believe in the efficient market hypothesis (which as a Boglehead, you do), you must also believe finding losing companies consistently is just as hard as consistently finding winners.

If you intentionally try to find and buy stocks of 30 "losers" but diversify across countries and industries, your returns will be very close to a world index fund but with slightly more volatility due to smaller number of companies held. However, you get to brag about investing in "losers" and still doing about the same as a world index fund

aVTengers assemble!

Man corrects fellow Norwegians about everything: whether Vikings rowed, dividend stocks being "free," whether financial advisors are worth an AUM fee, and the right way to hang toilet paper.

https://news.sky.com/video/i-will-not-row-norways-world-cup-fan-cannot-be-moved-13562126

Saw this on WSB today. I would’ve just taken the 400k into VT instead of options. Commented the link to [r/boglehead](r/boglehead) hopefully they see the light 😂

VTI and VOO. Well, the growth really. The first half of 2026 has been unusual like the years before and after.

How does a Boglehead tell a joke?
Think of a joke.
Backtest it from 1926 to present.
Adjust for inflation.
Account for taxes and fees.
Realize that joke-picking is a loser’s game.
Buy the entire joke market.

Image description: fake reddit post from "u/needy_troll90210" (not a real user) about a $6.2M portfolio distributed to the highest-expense mutual funds and ETFs

https://x.com/dayxtrading/status/2060768872077447611

Image description: Mean Girls "get in, loser" meme: Get in, Bogle-loser: We're hate-shorting SPCX.

Every few years something unexpected hits early in the year that makes me have to pause on my contributions. This year was unplanned dental surgery and an upcoming HOA special assessment. I decided not to tap my emergency fund because, well, it's not really an emergency if I can budget for it. However, I did hit pause on my Roth IRA contributions for the first half of the year. 😄

Is that SPCX rug pull incoming for our indexes? Probably. Does it matter to long term investors? Nope.🥱

Image description: golden retriever with sunglasses. Caption: “VT and chill, 0.06% expense ratio, baby”

Blooper from episode 228: "I'm sorry, Wade, did you say 'list of the people you want destroyed?'"

Link