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Jack Bogle Remembered on Masters in Business (Podcast)

Masters in Business

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Is It in the Client's Best Interest?

It's much simpler than the complicated suitability rules which have all sorts of ifs and thens and clauses. With so many funds being flashes in the pan, investors are going to learn by their own experience. It is a little laborious because we have to have a lot of lawyers work on this. You and I have the spirit of fiduciary duty and they've got to get to the letter of it. But it's coming. People just got the idea of reversing the mean again and again and again.

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