When you boil down all the arguments about the superiority of indexing, there is absolutely no factor that makes indexing better than active management other than cost.

FORBES: Malkiel Shills For Indexing Again, But Backs Baidu Just In Case

The single factor that gives indexing an advantage over active management is the size of the operating expense headwind.

FORBES: Malkiel Shills For Indexing Again, But Backs Baidu Just In Case