Tag Archives: index funds

Bogle, Bubbles & the February Market Correction

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March 3, 2018 — I am honored that John Bogle has commented on my recent column, ”The February Stock Market Correction.”  In it I repeated my claim that 2017 saw a “bubble” in the #VIX – i.e., a market perception of low risk in US stocks that was unjustified by fundamentals – and I added that the bubble had burst in February. Bogle of course is the genius who made low-cost index #mutualfunds widely available.  His comment & my reply are at Barron’s: “Bogle on Bubbles.”. read more

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Let the US Fiduciary Rule Go Ahead

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(Feb.24, 2017) The quantity of financial regulation is not quite as important as the quality.  One must get the details right.  The case of the US “fiduciary rule” strongly suggests that President Trump will not get the details right.

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