{"id":106,"date":"2006-06-27T06:48:03","date_gmt":"2006-06-27T11:48:03","guid":{"rendered":"http:\/\/johncbogle.com\/wordpress\/2006\/06\/27\/new-op-ed-in-wall-street-journal\/"},"modified":"2006-08-21T15:03:57","modified_gmt":"2006-08-21T20:03:57","slug":"new-op-ed-in-wall-street-journal","status":"publish","type":"post","link":"https:\/\/johncbogle.com\/wordpress\/2006\/06\/27\/new-op-ed-in-wall-street-journal\/","title":{"rendered":"New Op-Ed in Wall Street Journal"},"content":{"rendered":"<p>Mr. Bogle and Prof. Malkiel co-authored an op-ed that runs in today&#8217;s Wall Street Journal in defense of market capitalization-weighted indexing. They wrote, in part:<\/p>\n<blockquote><p>While we have witnessed many &#8220;new paradigms&#8221; over the years, none have persisted. The &#8220;concept&#8221; stocks of the Go-Go years in the 1960s came, and went. So did the &#8220;Nifty Fifty&#8221; era that soon followed. The &#8220;January Effect&#8221; of small-cap superiority came, and went. Option-income funds and &#8220;Government Plus&#8221; funds came, and went. High-tech stocks and &#8220;new economy&#8221; funds came as well, and the survivors remain far below their peaks. Intelligent investors should approach with extreme caution any claim that a &#8220;new paradigm&#8221; is here to stay. That&#8217;s not the way financial markets work.<\/p><\/blockquote>\n<p>The full\u00c2\u00a0piece is available <a href=\"https:\/\/johncbogle.com\/wordpress\/wp-content\/uploads\/2006\/08\/WSJ%20op-ed.pdf\" target=\"_blank\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mr. Bogle and Prof. Malkiel co-authored an op-ed that runs in today&#8217;s Wall Street Journal in defense of market capitalization-weighted indexing. They wrote, in part: While we have witnessed many &#8220;new paradigms&#8221; over the years, none have persisted. The &#8220;concept&#8221; stocks of the Go-Go years in the 1960s came, and went. So did the &#8220;Nifty [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,7],"tags":[],"class_list":["post-106","post","type-post","status-publish","format-standard","hentry","category-miscellaneous","category-op-eds"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/johncbogle.com\/wordpress\/wp-json\/wp\/v2\/posts\/106","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/johncbogle.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/johncbogle.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/johncbogle.com\/wordpress\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/johncbogle.com\/wordpress\/wp-json\/wp\/v2\/comments?post=106"}],"version-history":[{"count":0,"href":"https:\/\/johncbogle.com\/wordpress\/wp-json\/wp\/v2\/posts\/106\/revisions"}],"wp:attachment":[{"href":"https:\/\/johncbogle.com\/wordpress\/wp-json\/wp\/v2\/media?parent=106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/johncbogle.com\/wordpress\/wp-json\/wp\/v2\/categories?post=106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/johncbogle.com\/wordpress\/wp-json\/wp\/v2\/tags?post=106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}