I could not agree more. As we will learn in the coming weeks, Jack Bogle is the founder of The Vanguard Mutual Fund Group and one of the financial industries most respected advocates of index funds and low mutual fund fees. Jim Crammer is the host of Mad Money on CNBC, a brilliant man, but in my opinion, a man who perpetuates the idea among the average citizen that he can outperform the stock market. Where as Bogle advocates for a carefully diversified portfolio of index funds and owning stocks only for the long run. Crammer makes one think that through superior insight and/or information one can pick the right stocks, time the market and quickly get rich. Who is correct is a debate that rages on Wall St.
I fall on the side of Jack Bogle. Twenty years of study and observation have strengthened this position. These ideas will be explored as I Blog ideas from Bogles 10th anniversary edition of "Common Sense on Mutual Funds"
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