5min chapter

The Compound and Friends cover image

The Bogle Effect

The Compound and Friends

CHAPTER

Oil, Not Not a Tac

All the mutual funds trailed their bench marks on an average by a full percentage point last month, the worst performance since two thousand two. The big story was a direct indexing at fidelity and schwab. If one of them does something, the other two have to have an answer. You never know which one will do it first.

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