In Paul’s recent Marketwatch article he explores the debate between the results of index funds and actively-managed funds. If you review the comments following the article, you will see there are a lot of defenders of active management. In this podcast Paul responds to some of the most aggressive defenders of active management, including a comparison of Warren Buffet vs. DFA passively-managed value funds. He also explains why it is hard to know what returns public investors have actually made on their investments. And he challenges the idea that active managers will perform better during bear markets.