<p><div class="quote-msg"><div class="quote-author">Quote:</div>I will ask [John Bogle] why he has not done more to publicize what we have learned about the errors made in the Old School SWR studies (Bogle endorsed Bernstein&#039;s book, which reports accurarately that the SWR was at the time 2 percent, not 4 percent). I will also ask him why he urges investors to stick with the same stock allocation when valuation changes cause the risk profile of stocks to change dramatically. If he cites P/E1 (as he did when asked a question along these lines at this year&#039;s meeting), I will ask why he uses P/E1 despite its known flaws.</div> <a href="http://www.s152957355.onlinehome.us/cgi-bin/yabb2/YaBB.pl?num=1198074692/83#83" class="bb-url">[link]</a></p>