Common Sense on Mutual Funds

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    Common Sense On Mutual Funds

    John Bogle (1999)

    Bogle, founder of the Vanguard Group, pioneered the index fund in the 1970s andsince has been a vociferous critic of activefund management, which he recently described to U.S. News as a rent-seekingindustry that charges fees for performanceit cant deliver. Before you go buying an active mutual fund, acquaint yourself with Mr. Bogle.