Motley Fool Definition
The Motley Fool is a group of financial mavens founded in August 1994 in the USA by brothers Tom Gardner and David Gardner, who parlayed their investment newsletter into a content partnership with America Online service. The Motley Fool gained renown for its early support of the stocks of America Online and Amazon.com, among others.
In early 1997 the "Fools," as the site's enthusiasts refer to themselves, migrated their site off of AOL and onto the Fool.com website permanently. Also in 1997, the Motley Fool established a website in the UK.
The Motley Fool seeks to entertain readers while enlightening them about personal finance and investment. They have a national radio show and nationally syndicated column. They are famous for their view that, for the majority of people who have little time to keep track of stocks, the best investment strategy can be summed up in four words; "Buy an index fund."