John Bogle: Low Cost Is Just The First Step In Picking Funds


“In the stock market casino, it is the croupiers who win,” John Bogle is fond of saying. By croupiers, he means everyone who takes a fee, which could be the fund company but could also be “fund salesmen,” such as investment advisors, or brokers who place trades. He also calls the U.S. government a croupier of sorts: It collects taxes.

H/T Dataroma

John Bogle: Low Cost Is Just The First Step In Picking Funds



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