Monday 4 June 2018

Love the Player, Hate the Game

Hedge Funds Bear the Blame for Looking Bad They compared themselves to the S&P 500, then complained when they underperformed. Bloomberg, June 1 2018     A couple of weeks ago, Barron’s interviewed mutual fund legend Jack Bogle, the inventor of the index fund and founder of Vanguard Group. One intriguing exchange caught my eye:…

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