John C. Bogle is without a doubt one of the most listened-to experts on mutual funds in the world. And he should be. Having created the massive Vanguard fund complex and written eight books on the topic, the depth of his knowledge is unmatched.
Bogle was maybe the first, and has consistently remained for decades, a staunch advocate for low cost mutual fund investing. Friday in the Wall Street Journal, he weighed in on Morningstar’s recent findings that low cost is the best predictor of a mutual fund’s outperformance, better than its own star system. Continue reading