The renowned John Bogle founded Vanguard in 1974 and brought low-cost investing to the public. In return, his firm has grown into the largest mutual fund company in terms of assets; it took in one of every three dollars of new, long-term investor money over the first four months of this year. At 83, Bogle no longer heads Vanguard, but he continues his mission to give investors a fair shake. His latest book, The Clash of the Cultures: Investment vs. Speculation, came out in August.
We all know Bogle's views on costs and indexing, but how does he feel about financial advisors? What advice does he have to offer those in the profession? Financial Planning posed 10 questions to Bogle and, as always, he was candid and passionate in his responses.
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