Wednesday, June 10, 2009

Buying Stocks or Bonds is ‘Gambling’: John Bogle

Why would anyone listen to John Bogle anymore? Does anyone?

(cnbc.com) Nobody should buy a stock and nobody should buy a bond, said John Bogle, founder and former CEO of The Vanguard Group.

“You’re betting on prices — you’re betting on buying them from those who don’t know how much they’re worth and selling them to somebody who thinks they’re worth more,” Bogle told CNBC.

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