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Fiduciary duty

Bogle on Principles: The Mutual Fund Industry Lost Its Way

Book: Common Sense on Mutual Funds: Fully Updated 10th Anniversary Edition by John C. Bogle ISBN: 978-0-470-59748-4

Abraham Lincoln once said, “Important principles must be inflexible.” And Bogle opens Chapter 15 with that exact quote because he wants to make a point. The mutual fund industry used to have principles. Real ones. And they were supposed to be the kind of thing you don’t budge on.

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