Common Sense On Mutual Funds

John Bogle (1999)

Bogle, founder of the Vanguard Group, pioneered the index fund in the 1970s and
since has been a vociferous critic of active fund management, which he recently de
scribed to U.S. News as a rent-seeking industry that charges fees for performance
it can t deliver. Before you go buying an active mutual fund, acquaint yourself wi
th Mr. Bogle.