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BOGLE: It is a revolution, still happening. It began in the last few years. It is actually accelerated and I don’t suppose that acceleration can proceed. Nevertheless I do assume the dominance of the index fund will proceed simply because we’re in an trade the place value is every half and nobody needs to compete on price. Managers don’t want to compete on cost. They need to make money for themselves. It did not bother me that it took a very long time. It takes time for folk to grasp, sustain. I did my biggest …Continue reading