I am a huge fan of Vanguard, the mutual fund company. I basically don't believe in fancy stock-picking* and I like their emphasis on passive investing.
But when I read things like today's headline on the front page of the Wall Street Journal ("Vanguard Sets Record Funds Inflow"), I get a little nervous. What if Vanguard has skeletons that we don't know about? What if VFINX is actually some guy in Atlantic City named Vinny?
I should calm down some.
*No offense intended to fancy stock-pickers out there.
But when I read things like today's headline on the front page of the Wall Street Journal ("Vanguard Sets Record Funds Inflow"), I get a little nervous. What if Vanguard has skeletons that we don't know about? What if VFINX is actually some guy in Atlantic City named Vinny?
I should calm down some.
*No offense intended to fancy stock-pickers out there.
