• DOI:10.3905/jpm.2008.701621
Corpus ID: 153997999

A Question So Important that it Should Be Hard to Think about Anything Else

@inproceedings{Bogle2008AQS,
  title={A Question So Important that it Should Be Hard to Think about Anything Else},
  author={John C. Bogle},
  year={2008}
}

John C. Bogle

Published 2008

Business

While the simple investment principles espoused 60 years ago by Benjamin Graham remain valid today, investment strategies have become far more active, as the financial sector has come to play a dominant role in our economy. Mutual funds have become less diversified; their portfolio turnover has risen sixfold; and investors now hold fund shares for dramatically shorter periods. Fund expense ratios have risen sharply, a manifestation of the soaring costs of the U.S. financial sector, estimated at… CONTINUE READING

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