Post by AyG on Oct 28, 2015 14:46:39 GMT 7
I know that Americans have a very distorted view of the world. They believe in "American exceptionalism (sic)" and at the drop of a hat are inclined to chant "USA Number 1", despite all the evidence to the contrary in virtually every field. I blame all that flag saluting at school for addling their brains. However, when I read this article with comments from Jack Bogle, the founder of Vanguard, I am left wondering whether (a) whether he was really drunk or high when he gave the interview or (b) he's an utter moron.
Some quotes:
"There's No Point Investing Outside of the US"
"I don't do international. And emerging markets is a little separate part of so-called 'international.' We're wonderful in America – we call non-U.S. funds international. Where's the U.S.?"
"What... is the possibility that [UK, Japan, France] are going to outpace the U.S. in terms of investment return in the next 10 years? I just don't think it's possible."
"we know that we have the most innovative economy, the most productive economy, the most technologically advanced economy, the most diverse economy in the world"
More of this sort of spheroid nonsense at: www.morningstar.co.uk/uk/news/143620/bogle-theres-no-point-investing-outside-of-the-us.aspx
Some quotes:
"There's No Point Investing Outside of the US"
"I don't do international. And emerging markets is a little separate part of so-called 'international.' We're wonderful in America – we call non-U.S. funds international. Where's the U.S.?"
"What... is the possibility that [UK, Japan, France] are going to outpace the U.S. in terms of investment return in the next 10 years? I just don't think it's possible."
"we know that we have the most innovative economy, the most productive economy, the most technologically advanced economy, the most diverse economy in the world"
More of this sort of spheroid nonsense at: www.morningstar.co.uk/uk/news/143620/bogle-theres-no-point-investing-outside-of-the-us.aspx
