The latest EconTalk, out since Monday, is an interview with John Bogle. I can’t think of anyone whose contribution to our lives is so unappreciated. The creation of index mutual funds at low cost has expanded the capital stock of America and made many innovations profitable that would not have been otherwise.
Bogle on investing
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I meant to comment on this Monday. Downloaded, took it to the gym for 30 minutes on the elliptical, and went the full hour. What an amazing interview! Isn't his big original observation about managed funds vs. the indices a microcosm of the man's conceit thinking he can manage everything better than just sitting back and letting it develop in many cases? I always was aware that index funds beat managed funds over the long term. I think I could convincingly explain why now. THANK YOU BOTH!
I don't know if anyone else is having a problem getting it, but when I try to get iTunes to download it says that there is an error. It states that url changed or the podcast was moved. Any help would be much appreciated.
I like John Bogle.
I like capitalism.
He's the youngest sounding 78 year old I have heard. I was surprised at how recent the idea of indexed funds is, and I liked his comment about investing being 'simple but not easy'. Excellent podcast, thanks.