Friday, March 31, 2006

Corporate Conformity

I like this little self-fulfilling prophesy from Vanguard, "Vanguard shareholders are a resolute group. 'Our investors don't tend to chase hot performers or push the panic button over downturns. They realize that the wisest approach is to keep a balanced and well-diversified portfolio of stocks and bonds, then stay the course.'"

Thus, "Why yes, I am a wise and resolute Vanguard investor, I will weather market swings", which allows Vanguard to keep fees low, and reduces the swings in Vanguard funds.

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