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Jack Bogle of Hedge Funds (guest: Andrew Beer)

The Market Huddle

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Can You Just Replicate Millennium?

We're the only guys that i'm aware of who've consistently out performed expensive camban islands, you know, real live hedge funds with loaf s daily liquidity, less downside risk. And so if people come to us and say, can you just replicate millennium for us or answers, no, go away. They seem lately impervious to any movements in the market. Yes, they cost 800 basis points or more. But get it if you can givetem 25 million dollars and put away for five years. They're probably worth it. Youdo they can. I've no idea how they're doing it, but, ah, but, but hat's off to them,. On the other

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