To: Principals and Veterans:
Since so many of you have told me you enjoy my commencement speeches, I’ve attached the one I’ll deliver when I receive an Honorary Doctor of Humane Letters degree at Trinity College this Sunday, May 23.
Also attached are two recent newspaper articles:
1. A story from today’s Wall Street Journal about my presentation at the CFA Annual Meeting in Boston on May 19.
2. A New York Times story about the excessive level of fees charged by most mutual funds. (I believe there will be a follow-up to this story.)
Dear Jack, Thanks for your advice to us ordinary investors. We have been overwhelmed for years by, what we perceived was the complexity of managing our own investments. We have now been able to intelligently invest in index funds (with Vanguard) and stop paying thousands a year to an adviser.