Among my greatest disappointments about the mutual fund industry - in addition to excessive costs and excessive focus on the short-term - is that fund managers have been passive participants in corporate governance.
John C. BogleIt's amazing how difficult it is for a man to understand something if he's paid a small fortune not to understand it.
John C. BogleThe multiple failings of our flawed financial sector are jeopardizing, not only the retirement security of our nation's savers but the economy in which our entire society participates.
John C. Bogle