FYI: Have index funds, the autopilot portfolios that dispense with stock-picking entirely, made fund managers obsolete?
That question was the subject of a debate that I watched in New York last month between two respected investing experts: John Bogle, founder of Vanguard Group and father of the retail index fund, and James Grant, editor of Grant’s Interest Rate Observer, a twice-a-month publication widely read by professional portfolio managers
Regards,
Ted
http://www.wsj.com/articles/bogle-vs-grant-in-the-great-fund-debate-1430709409
