I’ve posted Entry #17 in my Investing: The New Rules column at the Death by 1,000 Papercuts site. It’s called Bogle on the Hot Seat.
Juicy Excerpt: I take particular exception to the suggestion that, because I have let Bogle know of mistakes he has made and asked that they be corrected, I somehow lack love and admiration and respect for the man. I see the reality as being entirely to the contrary. Yes Men are not showing affection and respect by agreeing with everything that a Big Shot says; their flattery is rooted in a selfish desire to take the easy path to success. I point out Bogle’s mistakes to him because of the respect and affection I feel for him. I deal with him in the manner in which I would want him to deal with me if the tables were turned.