Measurement

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.

2 comments:

Grim said...

Now do Congress.

Assistant Village Idiot said...

(smiles)