John Bogle is one of the pioneers of the mutual fund industry in the United States, a founder of the Vanguard Group, and an author of several books and innumerable articles about finance and investing. He is also one of the most outspoken critics of the mutual fund industry today....

In the new world, two large-volume exchanges will go toe to toe competing for business, and the specialists will be gradually replaced by transparent computers.

Discussions of corporate governance today too often neglect important developments in how principals and agents interact.

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Although turbulence in the U.S. stock market over the past year has unnerved many investors, stocks remain by far the best long-term form of investment for most people.

The case for owning mutual funds managed by actual human beings is getting weaker all the time.

What events resulted in the prior interpretation of the Prudent Man Rule and the logic behind its current evolution?