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Gensler: “Jack Bogle, Haystacks, and Putting the Interest of the Clients First”, Prepared Remarks Before the 2024 Conference on Emerging Trends
Thank you, Natasha. As is customary, I’d like to note that my views are my own as Chair of the Securities and Exchange Commission, and I am not speaking on behalf of my fellow Commissioners or the staff. Jack Bogle, the father of index funds, once said: “Don’t look for the needle in the haystack. Just buy the haystack.” Of course, he was talking about collective investment vehicles—when well-regulated, one of the great financial innovations. They provide everyday investors with diversification and lower costs than investing in individual stocks or bonds. Today, registered investment advisers advise 57 ... (full story)