That Nagging Question of Mutual Fund Fees

May 9, 2010
Strategies
By JEFF SOMMER
Published: May 7, 2010

PAUL SAMUELSON, the late Nobel laureate in economics, compared mutual funds to a saloon.

Mark Lennihan/Associated Press

John C. Bogle says a Supreme Court decision didn’t go far enough in setting guidelines for mutual fund fees.

“I decided that there was only one place to make money in the mutual fund business, as there is only one place for a temperate man to be in a saloon: behind the bar and not in front of it,” he told Congress in 1967. It made sense to invest in mutual fund companies, Mr. Samuels

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http://www.nytimes.com/2010/05/09/business/09stra.html

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