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Passive Investing "Worse Than Marxism"
Old 08-25-2016, 01:51 PM   #21
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Passive Investing "Worse Than Marxism"

Originally Posted by REWahoo View Post
This thread Bogle's my mind.

This certainly has to be pun of the month on ER dot org. Well played sir! I guess they have been getting to many Dear John letters from the growing legion of index fund converts

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Old 08-25-2016, 02:57 PM   #22
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Passive investing worse than Marxism.

Then the largest money manager in the world copies the #2 largest money manager in the world by founding and promoting passive index funds.

By harnessing the power of the free markets to attract more investors than anyone else, they've somehow one-upped Marxism? Right. If you believe that I've got an actively managed mutual fund to sell you.

Retired in 2013 at age 33. Keeping busy reading, blogging, relaxing, gaming, and enjoying the outdoors with my wife and 3 kids (6, 11, and 13).
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Old 08-25-2016, 04:11 PM   #23
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Come on guys. Doesn't anyone feel bad for the poor fund managers whose jobs are being threatened by the growing awareness of the benefits of index funds?

Where else can you get a job that pays you big bucks to fly around in private jets and have lots of expensive dinners with company CEOs who want to convince you to place their stock in your portfolio?
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Old 08-25-2016, 09:44 PM   #24
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Originally Posted by REWahoo View Post
This thread Bogle's my mind.

Good one, Comrade Wahoo...
Have Funds, Will Retire

...not doing anything of true substance...
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Old 08-27-2016, 10:28 AM   #25
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How does the monkey with the darts fair? Oh! I remember now.
“When a person with money meets a person with experience, the one with experience ends up with the money and the one with money leaves with experience.” W. Buffet
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Old 08-27-2016, 01:30 PM   #26
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Originally Posted by Totoro View Post
Can we institute a standing committee and 5-year plan now?

We could use one, for more glorious community of FIRE.
Here in the People's Republic of FIRE, we work on One More Year plans. And since we are all such committed Stakhanovites, we always exceed our quota.
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Might as Well Make it a Trifecta - WSJ Blog on Friday
Old 08-27-2016, 05:55 PM   #27
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Might as Well Make it a Trifecta - WSJ Blog on Friday

Are Index Funds Eating the World? - MoneyBeat - WSJ. This one by Jason Zweig.

Must be the end of the (mutual fund) world. Where's Slim Pickens when you need him?
Well, Helen; shall we just go home?
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Old 08-27-2016, 10:20 PM   #28
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Originally Posted by Tortoise View Post
From John C. Bogle
Founder and Former Chairman, The Vanguard Group
to the
Washington State University
Pullman, Washington
April 13, 2004

Our introduction of First Index Investment Trust was greeted by the investment community with derision. It was dubbed "Bogle's folly," and described as un-American, inspiring a widely-circulated poster showing Uncle Sam calling on the world to "Help Stamp Out Index Funds."

Love this one. The horse I rode in on. And the the foundation of my retirement.

However being male 'resistance is futile' so a few good stocks and other transgressions on the side over the decades which did not materially alter my path to ER and in ER. Hindsight back to 1966 when I started investing revealed that 'hurry up just stand there' ala Mr B's advice was in fact my best strategy.

heh heh heh - As to the article. I don't think Gambling Casinos or stock markets will close but they may be severely reduced in stature.
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Old 08-30-2016, 10:44 AM   #29
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The idea that index funds will disrupt stock valuations is just plain silly in my opinion. If there is money to be made picking or timing stocks, then it will happen, and those funds will grow until their methods no longer work. Thus the market stays efficient. The only way index funds could disrupt market pricing is if the world runs out of greedy people. Are we really worried about this happening?

I think the real issue they are worried about is "Where are all the stockbrokers yachts?"

Merrily, merrily, merrily, merrily,
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