{"id":830,"date":"2013-05-20T15:33:59","date_gmt":"2013-05-20T20:33:59","guid":{"rendered":"http:\/\/johncbogle.com\/wordpress\/?p=830"},"modified":"2013-05-20T15:33:59","modified_gmt":"2013-05-20T20:33:59","slug":"big-money-in-boston","status":"publish","type":"post","link":"https:\/\/johncbogle.com\/wordpress\/2013\/05\/20\/big-money-in-boston\/","title":{"rendered":"Big Money in Boston"},"content":{"rendered":"<p>Jack Bogle delivered a landmark speech before the Boston Security Analyst Society on May 17, 2013.<\/p>\n<p>In this speech, he chronicles, and decries, the radical change in the mutual fund industry&#8217;s culture over the span of his long career&#8211;from a <em>profession with elements of a business <\/em>to a <em>business with elements of a profession<\/em>.<\/p>\n<p>The speech also tells the stories of two dates that will live in infamy:<br \/>\n1) April 7, 1958&#8211;the date the federal courts, despite opposition from the SEC, opened the floodgates to allow mutual fund management companies to go public, a date that will live in infamy for <em>mutual fund shareholders<\/em>.<br \/>\n2) December 31, 1975&#8211;the date the first index fund was founded, a date that will live in infamy for <em>mutual fund managers<\/em>.<\/p>\n<p>Please enjoy <a href=\"https:\/\/johncbogle.com\/wordpress\/wp-content\/uploads\/2013\/05\/Big-Money-in-Boston-5-17-13.pdf\">Big Money in Boston&#8211;The Commercialization of the &#8216;Mutual&#8217; Fund Industry<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jack Bogle delivered a landmark speech before the Boston Security Analyst Society on May 17, 2013. In this speech, he chronicles, and decries, the radical change in the mutual fund industry&#8217;s culture over the span of his long career&#8211;from a profession with elements of a business to a business with elements of a profession. The [&hellip;]<\/p>\n","protected":false},"author":2,"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":[3,9],"tags":[],"class_list":["post-830","post","type-post","status-publish","format-standard","hentry","category-commentary","category-recent-speeches"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/johncbogle.com\/wordpress\/wp-json\/wp\/v2\/posts\/830","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/johncbogle.com\/wordpress\/wp-json\/wp\/v2\/comments?post=830"}],"version-history":[{"count":1,"href":"https:\/\/johncbogle.com\/wordpress\/wp-json\/wp\/v2\/posts\/830\/revisions"}],"predecessor-version":[{"id":832,"href":"https:\/\/johncbogle.com\/wordpress\/wp-json\/wp\/v2\/posts\/830\/revisions\/832"}],"wp:attachment":[{"href":"https:\/\/johncbogle.com\/wordpress\/wp-json\/wp\/v2\/media?parent=830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/johncbogle.com\/wordpress\/wp-json\/wp\/v2\/categories?post=830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/johncbogle.com\/wordpress\/wp-json\/wp\/v2\/tags?post=830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}