The Bogle Effect
How John Bogle and Vanguard Turned Wall Street Inside Out and Saved Investors Trillions
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There’s a good chance you’ve got a low-fee index fund in your retirement account or investment portfolio. Decades after the late Jack Bogle pioneered and championed these passively managed funds, they have become the hottest thing in the investing world. When Bogle first pitched the concept, markets saw him as a quaint idealist. But by the time he died, the funds had grown so large that he was uncomfortable with their rollicking success. Market analyst Eric Balchunas, a clear fan of Bogle, lays out the evolution of index funds in this accessible, insightful study.
Summary
About the Author
Eric Balchunas is senior ETF analyst at Bloomberg Intelligence. He is a frequent speaker at industry events and conferences, and he is the author of The Institutional ETF Toolbox.
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