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Whereabouts in are you from? <a href=\" http://weimar.org/business-plan-writing-services/ \">nursing assignment help bq</a> Vanguard founder Jack Bogle responded to Smith&rsquo;s contention by noting: &ldquo;Whether markets are efficient or inefficient is beside the point. The cost matters hypothesis is all that is needed to explain why indexing works: gross return in the market as a whole, minus the costs of obtaining that return, equals the net return investors actually receive.\"


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Note from the poll creator: Whereabouts in are you from? <a href=\" http://weimar.org/business-plan-writing-services/ \">nursing assignment help bq</a> Vanguard founder Jack Bogle responded to Smith&rsquo;s contention by noting: &ldquo;Whether markets are efficient or inefficient is beside the point. The cost matters hypothesis is all that is needed to explain why indexing works: gross return in the market as a whole, minus the costs of obtaining that return, equals the net return investors actually receive.\"