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6min chapter
The Bogle Effect
The Compound and Friends
The Bogl Effect
Nate Most launched the first e t f a in 2007. The fund fell 56 % twent 21, and the flow tookin eight billion dollars. It's such a specific fun china inanet, it's now the biggest china itief. And that's why a lot of he industry is governed by vanguard's mutual ang structure. But i don't think he's always nit sen to frind wat to do it right. Almostif as you wall street ascet managers, they're whole they're incentivis to try to get the most from the client.
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