Maggie's Farm reported today the death of John Bogle, who started the first index fund in 1976 to test the proposition that money managers could beat throwing darts at a dartboard. Bogle's skeptics at the time adopted the classic "stands to reason" thinking in assuring investors that of course money managers could beat the average consistently.  Bogle insisted on checking.


Grim said...

Now do Congress.

Assistant Village Idiot said...