For this week's live discussion at Inside the Market, we were joined by one of the true legends of the investing world: John Bogle.
Mr. Bogle is the founder of The Vanguard Group, the largest mutual fund company in the world, and is the creator of the world's first index mutual fund.
A champion of indexing, he is the author of nine books, including the best-selling classic Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor. He has frequently argued that the investing industry, especially mutual funds, have lost their focus on long-term wealth generation for clients in pursuit of short-term profit for themselves. He stresses the importance of having a long-term strategy and believes it's important that investors avoid actively managed funds.