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The Financial Time’s global finance correspondent, Robin Wigglesworth, examines indexing’s serendipitous beginnings and the innovators who transformed the financial industry. ....
âAnarchistâ Mac McQuown started an index revolution 50 years ago Sam Potter Save Share The unsung hero of modern investing spends his days on the sunny vineyards of Sonoma, California â a world away from Wall Street. John âMacâ McQuown never helmed a big bank, crafted policy from Washington DC, nor enjoyed name recognition like his kindred spirit Jack Bogle. John McQuown and his team of legendary academics created the first index fund 50 years ago. AP But 50 years ago, McQuown and his team of legendary academics created the first-ever index fund â an innovation that would take a sledgehammer to the money-management establishment and evolve into a more than $US11 trillion ($14.5 trillion) industry. ....
The man who started the $11 trillion index revolution indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
'Anarchist' Mac McQuown Started an Index Revolution 50 Years Ago wealthmanagement.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wealthmanagement.com Daily Mail and Mail on Sunday newspapers.
Clarence Jefferson Hall Jr. (Photo provided) In a notable new book, “A Prison in the Woods,” Clarence Jefferson Hall Jr. seeks to analyze connections between penal systems and environmental issues as related to the Adirondacks. It’s a topic I’d never thought about before. Apparently not many others have, either, as the author claims his work is the first on the topic. In one sense, incarceration in the Adirondacks isn’t a new phenomenon. A state prison opened in Dannemora during the 1840s. The first warden, Ransom Cook, espoused reform values, and his leadership earned respect from both guards and inmates. But his position was a patronage job. All it took was a switch in party at top state levels to have him and his staff replaced. Not surprisingly, problems soon ensued. ....