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A Smart Man's Path to Riches
Veryan Allen has many bones to pick with John Bogle, most of which seem to be some variation on the basic theme that hedge funds are a better investment than index funds.
Interestingly, he never takes issue with Bogle's main point, which is that index funds are a much better investment than mutual funds. But he does pull out one very interesting statistic...
For the full blog post, look here.
by Felix Salmon
Laura Rich is a co-founder of Recessionwire, which provides news, advice, perspective and humor about the recession and the recovery.
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