Indexing Has Been ‘Bastardized,’ Says Jack Bogle
Vanguard’s value proposition, your fair share of market returns at a low cost, has proven to be extremely popular capturing 60% of the mutual fund industry’s net cash flow this year with $3 trillion in assets under management. And it’s not just Vanguard, index and index-like products have proliferated as all manner of ETFs have started to crop up for different slants on the market, but Vanguard founder Jack Bogle isn’t impressed.
“I'm just a simple guy. I started off . . .
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