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." M]utual funds in general have met the test of time, and performed in keeping with their stated policies and goals," Bogle concluded. trillion in assets in 2010, up from $25.8
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