John Bogle Worse Than Joseph Stalin: Analysts

The rise of passive investing has been well documented with John Bogle’s Vanguard killing it this year. So has the decline of active management and high-cost mutual funds. However, for the time being, active management is here to stay. While it would appear that the value of assets managed by active funds is shrinking at an alarming rate, the active fund management industry is massive and can sustain outflows of tens of billions of dollars for many years. What Facebook Can Teach Us About Passive Investing Indeed, according to Bank of America’s most recent Flow Show report, year-to-date passive ETS…