TITLE

The Heart of the Financial Crisis

PUB. DATE
October 2008
SOURCE
Morningstar Fund Family Reports: Vanguard;Oct2008, Issue 65, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Interview
ABSTRACT
An interview with Vanguard's founder Jack Bogle is presented. When asked on the best thing that investors should do, he replied that investors must avoid the stock market because it is a major distraction to the business of investing. Bogle pointed out that much of the trouble in the business of investing can be traced to poor stewardship of capital and imprudent risk taking. He also notes that Vanguard funds will be affected by the negative fallout from the credit crisis.
ACCESSION #
34848741

 

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