|
Thanks for the link. We do not seem to get a lot of good papers on bonds and this is a beauty. I like Mr. Bogle's use of the term "relentless rules of humble arithmetic" here. It demonstrates that bond funds do not need to have a large ER to be successful, and lead the pack as the Vanguard funds do.
__________________
Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx
In dire need of: faster horses, younger woman, older whiskey, more money.
|