Go-Go Fund

I heard the term from the interview of John C. Bogle, so I decided to look into this term. Here is the article.

While go-go funds were quite popular during the booming market atmosphere of the 1960s, they lost much of their shine in the years that followed. After reaching a peak of 985 in December 1968, the market plummeted to 631 by May 1970, a drop of about 36 percent. In his book The Go-Go Years: The Drama and Crashing Finale of Wall Street's Bullish 60s, financial journalist John Brooks argues that the collapse was comparable to the stock market crash that ushered in the Great Depression, because the stocks that were hardest hit included many popular and high-profile offerings: “As measured by the performance of the stocks in which the novice investor was most likely to make his first plunges, the 1969-1970 crash was fully comparable to that of 1929.”