During his long career, Vanguard Group founder John Bogle has often argued that most actively managed funds trail their benchmarks. In his book Common Sense on Mutual Funds, Bogle notes that 79 percent of active funds lagged the S&P 500 during the...
As one financial scandal follows another, it seems the good guys are having a tougher time catching the bad guys. Recent revelations about MF Global's bankruptcy serve as reminders that our regulatory and oversight systems seem to let whales pass...
