Stockpicking legend Warren Buffett and index champion John Bogle both knew the other was right about investing
America’s investment approaches look as polarized as its politics. Fierce defenders of indexing declare that it trounces stock picking, while active managers proclaim the virtues of their selective research and analysis. Yet these two camps have more in common than meets the eye. Take two titans of our time: John Bogle, godfather of indexing and the founder of mutual fund giant Vanguard Group, and Warren Buffett, CEO of Berkshire Hathaway BRK.A, +0.15% and the gold standard of stock picking. Each man’s accomplishments are a strong case for one side, but more important ...
Source: marketwatch.com