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The real reason not to vote for Romney

He’s a lousy businessman.

Any investor who listened to Vanguard’s John Bogle would have done about the same during 1984-1998 – just buy the S&P500 index, and hold it, reinvesting the dividends. The net returns would be ~20% per year — without giant fees or excessive risks necessary.

So despite all the middle-class-disrupting, race-to-the-bottom, Swiss-bank-account, pay-no-taxes, outsourcing pain that Bain Capital was responsible for, you’d have been better off just investing in an index fund.

Some businessman.

Unless you’re Mitt Romney. Apparently he made out like a bandit.

h/t BdL