Bogle did not have access to this data because the endowments have never broadly published their track records.
Well it is partly for their track records and partly because they are seen as acceptable to the Bank of England, the chancellor and the FSA (with a caveat, as per below) - a constituency which, in the light of the Libor scandal, is regarded as particularly important.
Nevertheless, several executives have made a mint even though their firms' track records have been lousy.
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Both companies have earned authority in the United States because of their huge success, their start-up cultures, and their disruptive track-records.
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These are the money managers you read about in the pages of financial magazines because of their great long term track records.
But when prospecting for new clients, the advisers might highlight only the impressive track records of their top-performing managers, conveniently ignoring the underperformers they may have since sent packing.
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The two Republican tycoons, with their deep pockets and strong business track records, could pose a tough challenge to Brown.
They have excellent track records for keeping their detailed trip-planning resources up to date, and are not affiliated with the Disney brand, enabling them to provide unbiased recommendations for saving money at the various parks.
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According to Staney, LinkedIn benefits those with longer corporate track records, while Facebook allows inexperienced job seekers to tap into their well-established networks and more easily access personal referrals.
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And once reduced to pure numbers, those track records determine the fate of proven writers looking for cash advances to begin their next books.
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Although some active managers may experience more short-term volatility and higher tracking error with their benchmarks, this growing trend should lead investors to look to active managers with long-term track records of strong risk-adjusted performance, as I foresee on-going attractive equity returns in the years ahead.
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