Skip to main content

Main menu

  • Home
  • Current Issue
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About JPM
    • Awards
    • Editorial Board
    • Published Ahead of Print (PAP)
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

User menu

  • Sample our Content
  • Request a Demo
  • Log in

Search

  • ADVANCED SEARCH: Discover more content by journal, author or time frame
The Journal of Portfolio Management
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Sample our Content
  • Request a Demo
  • Log in
The Journal of Portfolio Management

The Journal of Portfolio Management

ADVANCED SEARCH: Discover more content by journal, author or time frame

  • Home
  • Current Issue
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About JPM
    • Awards
    • Editorial Board
    • Published Ahead of Print (PAP)
  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

David and Goliath: Who Wins the Quantitative Battle?

John C. Bogle
The Journal of Portfolio Management Fall 2016, 43 (1) 127-137; DOI: https://doi.org/10.3905/jpm.2016.43.1.127
John C. Bogle
is the founder of The Vanguard Group in Valley Forge, PA, and creator of the first index mutual fund.
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • For correspondence: john.c.bogle@vanguard.com
  • Article
  • Info & Metrics
  • PDF (Subscribers Only)
Loading

Click to login and read the full article.

Don’t have access? Click here to request a demo 
Alternatively, Call a member of the team to discuss membership options
US and Overseas: +1 646-931-9045
EMEA: +44 0207 139 1600

Abstract

Today’s hedge fund managers, armed with PhDs, complex algorithms, massive databases, and lightning-fast trading capabilities—and high costs—are the Goliaths of the financial industry. The humble index fund is the David of investing, armed only with simple arithmetic and a buy-and-hold strategy but free of the heavy weight of high fees and expenses. Does the underdog David of investing stand a chance against the imposing Goliath? Or does Goliath’s heavy cost burden give David the edge in the battle for superior returns? This article discusses the history of index investing and evaluates the relative success of hedge funds and broad-market index funds.

TOPICS: Mutual funds/passive investing/indexing, real assets/alternative investments/private equity

  • © 2016 Pageant Media Ltd
View Full Text

Don’t have access? Click here to request a demo

Alternatively, Call a member of the team to discuss membership options

US and Overseas: +1 646-931-9045

UK: 0207 139 1600

Log in using your username and password

Forgot your user name or password?
PreviousNext
Back to top

Explore our content to discover more relevant research

  • By topic
  • Across journals
  • From the experts
  • Monthly highlights
  • Special collections

In this issue

The Journal of Portfolio Management: 43 (1)
The Journal of Portfolio Management
Vol. 43, Issue 1
Fall 2016
  • Table of Contents
  • Index by author
Print
Download PDF
Article Alerts
Sign In to Email Alerts with your Email Address
Email Article

Thank you for your interest in spreading the word on The Journal of Portfolio Management.

NOTE: We only request your email address so that the person you are recommending the page to knows that you wanted them to see it, and that it is not junk mail. We do not capture any email address.

Enter multiple addresses on separate lines or separate them with commas.
David and Goliath: Who Wins the Quantitative Battle?
(Your Name) has sent you a message from The Journal of Portfolio Management
(Your Name) thought you would like to see the The Journal of Portfolio Management web site.
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
Citation Tools
David and Goliath: Who Wins the Quantitative Battle?
John C. Bogle
The Journal of Portfolio Management Oct 2016, 43 (1) 127-137; DOI: 10.3905/jpm.2016.43.1.127

Citation Manager Formats

  • BibTeX
  • Bookends
  • EasyBib
  • EndNote (tagged)
  • EndNote 8 (xml)
  • Medlars
  • Mendeley
  • Papers
  • RefWorks Tagged
  • Ref Manager
  • RIS
  • Zotero
Save To My Folders
Share
David and Goliath: Who Wins the Quantitative Battle?
John C. Bogle
The Journal of Portfolio Management Oct 2016, 43 (1) 127-137; DOI: 10.3905/jpm.2016.43.1.127
del.icio.us logo Digg logo Reddit logo Twitter logo Facebook logo Google logo LinkedIn logo Mendeley logo
Tweet Widget Facebook Like LinkedIn logo

Jump to section

  • Article
    • Abstract
    • ARITHMETIC QUANTS AND ALGORITHMIC QUANTS
    • MUTUAL FUNDS—CAUGHT IN THE MIDDLE
    • BACKGROUND
    • THE CREATION OF VANGUARD AND THE FIRST INDEX MUTUAL FUND
    • ESCAPING THE SHACKLES
    • EXHIBIT A: THE SAMUELSON PAPER
    • WHY VANGUARD?
    • EMH AND CMH
    • THE QUANTITATIVE SCHOOL OR THE PRAGMATIC SCHOOL?
    • PASSIVE INDEXING AND ACTIVE MANAGEMENT TODAY
    • “SMART BETA”?
    • NEW BRUTE EVIDENCE
    • THE FIRST FACTOR FUNDS
    • IGNORING THE LESSONS OF HISTORY
    • CHALLENGES TO HEDGE FUNDS, TODAY’S GOLIATHS
    • MORE CONCERNS
    • CHALLENGES TO THE TRADITIONAL INDEX FUND, TODAY’S DAVID
    • LESS IMPRESSIVE CHALLENGES
    • CONCLUSION AND REPRISE
    • ENDNOTES
    • REFERENCES
  • Info & Metrics
  • PDF (Subscribers Only)
  • PDF (Subscribers Only)

Similar Articles

Cited By...

  • No citing articles found.
  • Google Scholar
LONDON
One London Wall, London, EC2Y 5EA
United Kingdom
+44 207 139 1600
 
NEW YORK
41 Madison Avenue, New York, NY 10010
USA
+1 646 931 9045
pm-research@pageantmedia.com
 

Stay Connected

  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

MORE FROM PMR

  • News
  • Awards
  • Investment Guides
  • Videos
  • About PMR

INFORMATION FOR

  • Academics
  • Agents
  • Authors
  • Content Usage Terms

GET INVOLVED

  • Advertise
  • Publish
  • Article Licensing
  • Contact Us
  • Subscribe Now
  • Sign In
  • Update your profile
  • Give us your feedback

© 2022 Pageant Media Ltd | All Rights Reserved | ISSN: 0095-4918 | E-ISSN: 2168-8656

  • Site Map
  • Terms & Conditions
  • Privacy Policy
  • Cookies