Dilbert’s Guide to ETFs
Dilbert’s creator, Scott Adams, mocks active managers and invests in exchange traded funds reports Karen Damato.
Adams mostly uses two ETFs for stock exposure — the SPDR S&P 500 (SPY) and the iShares MSCI Emerging Markets Index fund (EEM).
According to Damato, Mr. Adams discovered ETFs after firing a large wealth manager that had placed a “shockingly” large sum of his portfolio into stocks of companies that turned out not to be real — Enron and Worldcom, for example.
