At least passive investing advocate sees the 'Occupy Wall Street' protests as a prime time to fight active mutual fund management. Forbes
contributor Rick Ferri, a self-described 'Boglehead' who also manages portfolios for investors with at least $1 million, penned
a column calling on mutual fund shareholders to "lead 'Occupy Boston'" to protest the expense and underperformance of many active managers.
"Boston is failing us," Ferri writes, openly noting that the "alternative to Boston" is "Malvern, Pennsylvania," i.e. the hometown of Vanguard
. For the most part, Ferri makes the classic low cost and average performance arguments against active mutual funds.
Neil Anderson, Managing Editor
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