Jim Grant Vs John Bogle: The Great Indexing Debate

This is the second part of a two-part article covering “the great debate” between Vanguard Group founder, John C. “Jack” Bogle (for indexing) and Jim Grant, (against) publisher of the Grant's Interest Rate Observer newsletter of stock-picking at the Grant’s Spring Conference.

This is Jim Grant’s side of the argument. Bogle’s argument can be found here.

Jim Grant: In favor of active management

Jim Grant began his rebuttal to Bogle’s presentation:

“I dispute that the cost of investing is the determining factor in the success of investing. That is, I dispute that the proposition is unconditionally true. For...

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