Jack Bogle observes:
The overall industry will probably be more and more indexed, almost certainly, but it will be under the microscope. We have had, we at Vanguard, have had the white hat in this industry. I don’t think there’s any question about that, and so we ought to be abundantly careful and I think we will be.
Bogle: Vanguard’s Size a Worry
MiB: Jack Bogle, Vanguard Group founder March 14, 2016