Here is the link.
John C. Bogle, the founder of Vanguard, now the largest mutual fund company in the world and the creator of index funds, which account for 28% of all stock mutual funds. Published on November 15, 2012.
VOO - Vanguard S & P 500 ETF - $493.8 billion dollars
survival bias -
manager - all believe that they can beat the market, they all are above average. Some win, some lose.
Clash of culture - book written by John Bogle
Wellington fund -
60% stock, volatility
Mutual fund cost facts:
High turnover - 2%
All money managers - put clients first
10 investment rules by John Bogle in the book.
43:00
Behavior problem - 10th rule - stay on the course
Own behavior - trail - bad behaviors - market counter intuitive - fee - market bottom get out - sell low and buy high
Do not let emotion get your way.
One fund to hold
Total stock US index fund - own the fund
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