The rise and rise of passive investing

With the passive investment revolution upon us, Robin Wigglesworth's book offers a useful guide

Trillions: How a Band of Wall Street Renegades Invented the Index Fund and Changed Finance Forever

Author: Robin Wigglesworth

Publisher: Penguin Business

Price: Rs 665

If you are looking for a book that goes deep into the question of what led to the invention and growth of passive funds in the United States, turn to this well-researched tome by Robin Wigglesworth, global finance correspondent at the Financial Times. The author has skillfully woven together the dry theoretical concepts that underpin the creation of index funds with colourful sketches of the key personalities that shaped this revolution.

He begins by recounting the bet between Warren Buffett