Thursday, November 11, 2010

Bogle: Professional Security Analysts

From this recent morningstar interview with John Bogle:

"...I don't see why the Federal Government has an obligation to bail out investors who should know what they are doing. But even in the professional [money] management business, often seem not to know what they are doing. I'm disgusted and disappointed with the level of analysis I see among professional security analysts, bond and stock alike." 

Check out the full interview.


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