When it comes to getting into investing, keeping it simple is key, according to investing legend Charles Ellis.
In fact, he equates it to parenting teenage children.
“Every parent of teenage children realizes at some point or another, less is better,” Ellis told CNBC contributor Jenny Harrington in an interview for CNBC Pro. (Harrington is CEO of New Canaan, Connecticut-based Gilman Hill Asset Management.)
“Fewer instructions works better,” Ellis said. “Fewer decisions work better.”
Ellis is author of the legendary investing book “Winning the Loser’s Game,” first published in 1985 and now in its eighth edition. He’s long been an advocate of passive investing, such as index funds, over active investing.
