Twenty-five years ago the concept of indexed investing was derided by professional investors as a path to mediocre investment returns. Why buy the market when you can beat the market? That was their argument. But one of the pioneers of retail mutual fund indexing, former Vanguard Group Chairman John C. Bogle, has had the last laugh. Index funds he launched […]
Month: June 2002
Market beaters may be just lucky
It all seems so easy: smart investment managers rise to the top. All an investor has to do is identify one of the geniuses who runs a portfolio that has been successful for a long period of time. By hitching his fortunes to that of the star investment manager, the investor will have a better chance of beating the stock […]
