The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Rekenthaler Ponders the Unusual Thinking of Bogle Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, June 10, 2013

Rekenthaler Ponders the Unusual Thinking of Bogle

News summary by MFWire's editors

One doesn't get to the top of the food chain by blending in and going with the flow.

Jack Bogle certainly didn't get Vanguard [profile] to where it is today by doing what everyone else was doing. Bogle takes a strikingly unique approach in that he runs his firm as a nonprofit to be owned by its funds' shareholders.

Bogle recently spoke on the matter in his speech, "Big Money in Boston: The Commercialization of the 'Mutual' Fund Industry," Morningstar's John Rekenthaler notes in his latest column.

In his speech, Bogle shook his head at fund companies who operate toward a commercial reward, arguing that fund companies can't use their profits in the way that profits are traditionally and effectively used, like by making better hires, buying better equipment, or investing in better research.

Rather, it's more a game of greed. Profits go not into investments generally, but into the pockets of the owners.

Vanguard's model is clearly working, but is the philosophy behind it foolproof? Can all funds benefit from this ostensibly less greedy approach?

For more, see the full story here.

You can read Bogle's speech here.  

Edited by: Nicole Spector

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use