quasi in rem

Wednesday, October 27, 2004

I really like Jack Bogle, and think he's the only honest mutual fund guy out there right now..
(Not to mention the fact that my entire retirement is in his precious hands)

I was unaware of his politics before now, I probably would have guessed he was a Republican. It turns out he is a Republican, but this year he is voting for John Kerry.

"Patience, persistence, courage and commitment were key to Vanguard's success, but blind courage and reflexive commitment can be dangerous, Bogle says. 'Commitment is admirable in a leader,' he says, 'but there's no virtue in committing yourself to the wrong idea. Staying the course just to stay the course is folly that invites tragedy.'"


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