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Vinvesting.com is the leading social networking site for value investors where you can get the latest investment ideas, insights and interviews from great investors like Warren Buffett, Templeton etc. Over the last 70 years, value stocks clocked a 13.4% average annual return, vs. 10.2% for growth stocks, according to Ibbotson Associates. |
Vanguard founder finds value on the far horizon
Submitted by admin on Mon, 10/27/2008 - 09:50
The search for wisdom in personal finance will take you sooner or later to John Bogle, who founded Vanguard, created the first index mutual fund and still preaches the gospel of long-term, low-cost, diversified investing.
Bogle, 79, has been warning for years about the excesses of Wall Street, where, he says, the triumph of "salesmanship" over financial "stewardship" produced colossal losses for millions of people. He is armed with statistics showing that a vast majority of investors - including most professional investment managers - should not even bother trying to pick individual stocks.
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