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Strategies & Market Trends : Vanguard Mutual Funds
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To: Jack Hartmann who wrote (87)1/14/2001 12:55:55 PM
From: KevRupert  Read Replies (1) of 136
 
You made my day! The following excerpt is ridiculous:


"Why would somebody buy it as opposed to Vanguard's? "I'm not sure I can answer that," Mr. Taney said."

Mr. Bogle discussed this issue in his book numerous times (this is an understatement). Although he didn't mention the name of the company, one firm's representative told him that the index funds (at a competing firm to Vanguard) charged high fees because index funds were the firm's cash cow.
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