John Christy

Bogle: Investors 'Getting Killed' in ETFs

This is a thoroughly asinine argument. The average dollar calculation is interesting, but it's really just a slightly more robust proof of the obvious: most investors make bad decisions. Ok, we all get it.

Does that mean ETFs are a bad idea? I have nothing but respect for Bogle, but it's really, really hard to not see sour grapes at work here. He made a fortune peddling index funds and he's clearly upset that others have cottoned on to the idea.