Summary: This is the second of the two-part series on comparing the Vanguard Value Index Fund to actively- and passively-managed funds. Paul compares the Vanguard Value Index to the Dimensional Large Cap Value Fund. The reasons why the Dimensional fund performed so well had nothing to do with luck. Once investors understands why the Dimensional fund earns over !% more per year, they qualify as savvy investors, unlikely to be sucked into the hype of Wall Street.
