In his excellent book, Don’t Count on It!, John C. Bogle, the founder of Vanguard Group of Mutual Funds, highlights the fundamental equation that the ‘net returns’ to Investors equals the gross returns on the assets minus the cost of operating the financial system. This means that beating the market is very difficult once you consider…

NOTE: This is part of a series for the simple reason that we bit more than we could chew (or put in a reasonably sized blog post)!!! At the end of 2013 and beginning of 2014, the chatter on the Street was that the yields have no place to go except up. A consensus was emerging that the inflation will…