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And in making these calculations, Mr Malkiel plays fair: he deducts the typical running expense (one-fifth of 1%) charged by an index fund.
ECONOMIST: Can you beat the blindfolded monkey?
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First of all, power is becoming the largest operating expense for running large IT systems.
FORBES: Evaluating Energy Management Maturity: A Checklist for CIOs
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We talk about the expense of just running your automobile.
FORBES: Retirees Looking For Investment Income Should Try AT&T And Chevron, Among Others
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Checking odometers in reporters' cars against expense reports, running front-page ads and compelling publishers to promptly send weekly financial reports so Jelenic can scan for the odd indulgence are traditions at Journal Register (nyse: JRC - news - people).
FORBES: Cheapskate Journalism
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The real promise, though, is that the expense of adding and running this equipment is more than offset, Jones says, by the chemicals it produces.
FORBES: Magazine Article
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They were running to be number one at the expense of quality.
CNN: 'Japan Inc.' on the brink: Weak yen a lost opportunity?
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Running for president is legally considered a personal expense, nondeductible under the income tax.
CNN: Why do the Romneys pay so little in taxes?
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The SKA will use about 110 megawatts when up and running, so power bills will be a significant expense.
ECONOMIST: The Square Kilometre Array
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Esther Rantzen, a celebrity candidate running in a seat whose previous incumbent had been among the most egregious expense-fiddlers, won a humiliatingly small number of votes.
ECONOMIST: Election results
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What is the President telling mayors who say that they are now facing expense, the local law enforcement that are trying to clear these areas and running into violence -- what does the President say to them?
WHITEHOUSE: Press Briefing