3 ms·
It's not so much about that as an individual, but rather, is it good for the market that the managers of these index funds that just pass through ownership of t
by Enginerrrd 5y ago
It's not so much about that as an individual, but rather, is it good for the market that the managers of these index funds that just pass through ownership of the asset really get such powerful voting rights? To make it even weirder, I believe these funds are sometimes bought by public pension fund managers and the like. So it feels oddly corrupt.
- bombcar 5y agoBogle himself commented on it in his later years - managers capitalism - by managers for managers, not for the employees or the owners. http://johncbogle.com/wordpress/wp-content/uploads/2019/08/niri-6-03.pdf http://johncbogle.com/wordpress/wp-content/uploads/2019/08/n...