Archive for January 2019
Weekend Reading: RIP John Bogle Edition
Vanguard founder and index investing pioneer John Bogle passed away this week at the age of 89. Bogle was a legend in the investing community for driving down costs for individual investors. His flagship index mutual fund, now known as the Vanguard 500 Index Fund, amassed just $11 million when it was introduced in 1976.…
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Anyone born before 1990 should remember Columbia House – the “world’s largest record club” – whose claim to fame was offering dirt-cheap music upfront to members who joined its mail-order subscription service. The company made billions by using something called ‘negative option billing’, a process by which the customer agrees to have goods or services…
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