What is it about a glitzy gambling city on the Mediterranean, known as Monte Carlo, that could possibly diminish or eliminate the gamble we often associate with our lifetime-investing and planning? A second question sheds light on the first. Where do you think all that...

Despite an overwhelming amount of evidence that passive investing over a lifetime generates far more wealth than active, hands on investing, most people still hold to their losing programs. It doesn't sound logical because it isn't. Logic has been overcome by the emotion of hope - the hope of winning big. Logic alone doesn't really have a chance, it is outgunned. For real progress, there has to be a third component.