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Bogle on Social Media Stocks: 'A Dangerous Game'

Tuesday, 22 May 2012 | 2:09 PM ET

What impact does Facebook's plunge have on the psyche of the retail investor? Legendary investor and founder of the Vanguard Group, Jack Bogle, offers insight. "It all comes down to value and it all goes away from price, and avoiding IPOs and avoiding even individual stocks is the best strategy for investors," Bogle says.