Showing posts with label vanguard. Show all posts
Showing posts with label vanguard. Show all posts

Friday, February 17, 2012

Vanguard's John Bogle -- At It Again... "A Tax Break for Gambling?"

John Bogle, the esteemed founder of the Vanguard Group, has probably done more to save investors money than any individual on the planet.  So when he advocates raising taxes, folks tend to notice.

His core philosophy has always been at odds with the investment management industry -- identifying that most active managers fail to beat their benchmarks, net of fees. His relentless pressure on the industry to lower fees has not made him many friends, so his most recent remarks should come as no surprise.