It’s the holidays and your entire family is together, and all of sudden you’re stuck talking to your Great Uncle Leo. You just keep smiling and nodding as he spouts some of the craziest ideas on the planet – you know that scenario? You listen anyway because he’s family.
That’s kind of how I am whenever I hear or read an interview with legendary investor John Bogle.
I – and almost every other investor out there – have a lot to be grateful for when it comes to Bogle. Back in 1975, Bogle created the world’s first index fund, right after he created low-cost mutual fund leader Vanguard. Bogle realized correctly that 99% of investors fail to outperform the market, so why not just buy the market? An entire industry was born and a multitude of investors have funnelled massive sums into some index funds. Vanguard now has around $3 trillion in assets under management, of which the vast bulk is in low-cost index funds.
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