Just How Useless Is the Asset-Management Industry?
Harvard Business Review
MAY 16, 2013
Writing under a pseudonym in the Financial Analysts Journal in 1960, mutual fund executive Jack Bogle made "The Case for Mutual Fund Management." After costs, actively managed mutual funds trail the market. trillion in assets in 2010, up from $25.8 trillion in assets in 2010, up from $25.8 billion in in 1980).
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