John Bogle Predicts Wall Street Will Take a Hit as Indexing Grows
The founder of Vanguard Group, the world’s biggest fund company, says investors are unhappy with active management.
Frances Denmark
December 6, 2016
John C. Bogle, Founder of The Vanguard Group makes a point while appearing before the House Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprise, March 12, 2003. The hearing was on the subject of Mutual Fund Industry Practices and their Effect on Individual Investors. Photographer: Chris Kleponis/Bloomberg News
Chris Kleponis/Bloomberg News
