Is Investing an Art or a Science?
While hedge fund manager Seth Klarman and index fund pioneer Jack Bogle have different views on the age-old question, both shed light on why beating the market may be close to impossible.
Michael Peltz
June 1, 2014
John C. "Jack" Bogle, founder of the mutual fund company Vanguard Group Inc., speaks during a panel discussion at the John C. Bogle Legacy Forum, named in his honor, in New York, U.S., on Tuesday, Jan. 31, 2012. Bogle, who popularized index investing, said it's impossible to have a bond market bubble because investors can expect to receive their money back when the bond matures. Photographer: Peter Foley/Bloomberg *** Local Caption *** Jack Bogle
Peter Foley/Bloomberg
