FYI: It’s been about 40 years since John Bogle created investor-owned Vanguard Group and the first index fund. In the intervening decades, Vanguard has become the biggest mutual fund company in the world, and the humble index fund has become the centerpiece of the ETF revolution.
The implications are profound, as the 85-year-old legend made clear when ETF.com caught up with him in a recent telephone interview. In the first installment last week, Bogle extolled the fact that politicians and regulators are giving the pursuit of a unified fiduciary standard serious attention
Regards,
Ted
http://www.etf.com/sections/features-and-news/bogle-investors-are-now-driving-ethics?nopaging=1
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