Bogle Says Index Investing Is No Threat to Market Efficiency

  • Bernstein report ‘idiotic, totally wrongheaded,’ he says
  • ETFs benefit traders ahead of investors, Vanguard founder says

Jack Bogle Calls Indexing Critics 'Idiotic'

Vanguard Group founder Jack Bogle said index investing would have to get much larger than it is today before threatening the workings of the financial markets.

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