Vanguard CEO John Brennan dismissed the ideas that stocks may be headed for a long-term bear market and that it's become a stock-picker's market, in an interview with the Pittsburgh Post-Gazette.

"If you go out now and look at 10-year results or 20-year results on the stock market, we're about where we should be. We're about normal," Brennan said. "We went through a wrenching bear market. We recovered nicely."

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.