Our editorial counsel Kai Falkenberg, who has started blogging for us as well as keeping us from losing lawsuits, has plans to begin tracking how the beat cops of the business world, the SEC and the Dept. of Justice, succeed at this mission of pinning responsibility for wrongdoing and destruction of shareholder value where it belongs: on the executives, not the companies they run so poorly.
The advice is almost pure Bogleism a religious doctrine holding that costs matter a lot and that most savers would be better off passively tracking the market than trying to beat it.
He switched to ETFs in 2006 because these index-tracking products have lower expense ratios than the traditional mutual funds that try unsuccessfully to beat the market.