Just How Useless Is the Asset-Management Industry?
Harvard Business Review
MAY 16, 2013
M]utual funds in general have met the test of time, and performed in keeping with their stated policies and goals," Bogle concluded. Why they do this a long-running puzzle. trillion in assets in 2010, up from $25.8 When markets struggle, they do. As tests go, Bogle''s had its flaws. billion in in 1980).
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