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Old 05-12-2008, 12:36 PM   #9
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Join Date: Oct 2003
Posts: 958
Quote:
Originally Posted by cute fuzzy bunny View Post
BTW, this is an extremely old article, about 17 years old...so your homework assignment is to see whether he was right and "we" did get more skilled in the use of futures and options and produced interesting products as a result...
12/31/1991 - 12/31/2007

VFINX: 10.21%
S&P 500 index: 10.31%

difference: 0.10%

Vanguard shaved about half of the expense ratio [which was around 0.20% for most of the period] off in execution.

- Alec
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