Chapter 1. Busted: The Failure of Mutual Funds and Birth of ETFs

ETFTrends.com reader Layne Prebor is quitting his last mutual fund and has decided to take matters into his own hands: “[I] have assumed complete responsibility for my investment decisions.”

One day, John Wasik had the honor of playing audiovisual geek for John C. “Jack” Bogle. John remembers ....

I had booked him to keynote a business journalist’s conference (the Society of American Business Editors and Writers) in Denver, and his PowerPoint presentation didn’t make it to the hotel, so he punted with some old transparencies and an overhead projector. It was Stone Age compared to today’s slick presentations, but Bogle delivered it effortlessly in his dead-on, humorous style.

For those ...

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