A suburban Philadelphia pension fund drove a dozen miles to have Vanguard’s Jack Bogle tell them to invest in index funds. One imagines that Googling “Jack Bogle” would have had the same effect. Then again, maybe the statue convinced them to give almost all of their money to Jack Bogle.
A cool thing about financial markets is that every trade has two sides, so everything that happens, someone can complain about. “Economic growth is too robust!,” someone probably says, when it is. Does that help explain the difference between this CNBC article about investors who are mad that there’s too much trading in the financial […]