Bogle on Fund Structure: Why Vanguard Is Built Different
Book: Common Sense on Mutual Funds: Fully Updated 10th Anniversary Edition by John C. Bogle ISBN: 978-0-470-59748-4
Most investors have no idea how their fund company is organized. They pick a fund, send their money, and assume someone responsible is handling things on the other end. And honestly, that’s understandable. Fund structure sounds like the most boring topic in all of investing.