Bogle's Thoughts on 40 Years of Indexing

Vanguard founder Jack Bogle says he's surprised it took index funds so long to gain real traction, but since then growth has been "astonishing." For all Morningstar videos: http://www.morningstar.com/cover/videocenter.aspx

Comments

1. It's just currency indexing. Dow stocks were 995 silver dollars in 1966 and are still 995 silver dollars today. Stocks simply keep pace with counterfeiting currency, not profits. Yields are down 50% from 4%, the 100 year median, to 2%. If stocks drop 50%, it will be mean reversion to the 100 year average. The Fed will not let the stock market mean revert. The currency counterfeiting is out of control, globally. This is why gold was $35 an ounce to $1,400 an ounce. The dollar is down on the same ounce of gold. It's counterfeiting by the Fed, that's all it is. It's a massive counterfeit currency bubble. Protect yourself.
2. Great video. I really enjoy hearing from Jack about his take on investing in today's markets.