Just saw this is the lead story for tonight's edition of Bill Moyer's Journal:
Bill Moyers Journal . John Bogle | PBS
Should be great.
Bill Moyers Journal . John Bogle | PBS
Should be great.
I thought Bogle's contrast of the "financial economy" with the "production economy" was very useful.
Bogle was very interesting (as usual). And, as an added bonus, we didn't have to hear much from Moyers.
Another Bogle classic. I love to hear that man talk!
My favorite quote (as I recall):
The average stock was retained by MF companies for about 7 years in the 50's when he began in the business.
The average stock owned by mutual funds is now sold in about one year.
Another Bogle classic. I love to hear that man talk!
My favorite quote (as I recall):
The average stock was retained by MF companies for about 7 years in the 50's when he began in the business.
The average stock owned by mutual funds is now sold in about one year.