“We have moved from treating funds as investment trusts designed to serve their owner-beneficiaries to treating funds as consumer products, designed to attract the largest possible assets. This new approach has ill-served the interests of fund shareholders.”

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More from John C. Bogle (101 quotes) →

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Books by John C. Bogle

The little book of common sense investing

2017

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Common sense on mutual funds

2010

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The clash of the cultures

2012

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Character Counts

2002

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Stay the Course

2018

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