Subject: Bogle , back to the real world,
“ The data for 2025 and 2026 continues to validate this approach. Recent SPIVA reports show that over a 15-year horizon, nearly 90% of actively managed large-cap funds fail to beat their simple index benchmarks.
Even in the volatile markets of late 2025, active managers struggled; while they promised to protect against downsides, the "fee drag" of high management costs often resulted in lower net returns for their clients compared to a basic Vanguard Total Stock Market index.“ https://m.economictimes.com/ne...