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Index investing is an investment strategy that Walter Mitty would love. It takes very little investment knowledge, no skill, practically no time or effort-and outperforms about 80 percent of all investors.
Sep 15, 2025
I had a huge imagination. My granddad says I was a bit of a Walter Mitty character.
As a kid, I always wanted to be lots of things. I was a Walter Mitty type. I wanted to be in the French Foreign Legion, a detective, a doctor, a test pilot with a scarf, a fisherman who hauled in a tremendous marlin after a 12-hour fight.
I'm sort of a Walter Mitty. I got fewer brain cells than most people, so when I got friendly with cowboys, I started rodeoing. When I was calf-roping, there was something about the dirt that made me feel clean.
I saw Ben Stiller's movie Walter Mitty [2013]; it's very beautiful. You look at some of the movies John Ford did with John Wayne and Jimmy Stewart, and then look at Remington and Ansel Adams, and I think you see a connection, certainly in the imagery of the West.
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