PT  - JOURNAL ARTICLE
AU  - John C. Bogle
ED  - Kramer, Leslie
TI  - Practical Applications of “Big Money in Boston”: <em>The Commercialization of the Mutual Fund Industry</em>
AID  - 10.3905/pa.2014.1.3.027
DP  - 2014 Jan 31
TA  - Practical Applications
PG  - 1--4
VI  - 1
IP  - 3
4099  - https://pm-research.com/content/1/3/1.7.short
4100  - https://pm-research.com/content/1/3/1.7.full
AB  - “Big Money in Boston”: The Commercialization of the Mutual Fund Industry John C. Bogle From the inventor of the first index mutual fund at Vanguard and passionate proponent of index fund investing, here is Jack Bogle’s overview of how and why he developed this fund vehicle. His reaction against proliferating actively managed mutual funds and the self-serving interests of providers that don’t serve customers’ “mutual” interests is as strong now as it was when he created Vanguard in 1974.In this Practical Applications report, Bogle discusses the evolution of the mutual fund industry, including rising fees and the proliferation of more-aggressive investment strategies. He urges investors to stick to index funds and explains why. Bogle’s article, “Big Money in Boston”: The Commercialization of the Mutual Fund Industry , was published in the Fall 2013 issue of The Journal of Portfolio Management .Don’t miss the accompanying video, in which Bogle discusses a previous, related article he wrote for JPM, The Clash of the Cultures .