Common Sense on Mutual Funds

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.